China's Xi to launch $1.4bn port city development in Sri Lanka

China's President Xi Jinping (C) pictured with Sri Lankan President Mahinda Rajapakse (2R) during a welcome ceremony at the Bandaranaike International Airport in Katunayake on September 16, 2014Colombo (AFP) – Chinese President Xi Jinping arrived in Sri Lanka Tuesday to launch construction of a Beijing-funded $1.4 billion port city and seek closer defence ties that could provoke unease in neighbouring India.

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