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International relations

Sri Lanka's China-built isle beckons as economy sinks

Port City Colombo catches eyes in Hong Kong and beyond, but turmoil poses risks

A rainbow over the Colombo Port City site in 2019: Optimism surrounding the new slab of real estate in the heart of the Indian Ocean clashes with Sri Lanka's grim economic picture.   © Reuters

COLOMBO -- A growing list of companies are looking to establish toeholds in Port City Colombo, a still barren, sand-filled island built by the Chinese off the coast of Sri Lanka's commercial capital.

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