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Economy

Sri Lanka begins talks with China on refinancing debt

Colombo asks Beijing for help as it struggles with debilitating financial crisis

Chinese Foreign Minister Wang Yi receives a gift from Sri Lanka's Prime Minister Mahinda Rajapaksa during a meeting in Colombo in January.   © Reuters

COLOMBO (Reuters) -- Sri Lanka has begun discussions with China about refinancing its debt, a cabinet spokesman said on Tuesday, as Colombo struggles with its worst financial crisis in decades.

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