Sri Lanka's Hambantota Port is a cautionary tale for countries borrowing from China.

The Sri Lankan government took a loan from China to build the port but could not repay the loan.

As a result, the Sri Lankan government was forced to lease the port to a Chinese company for a 70% stake for 99 years.

This deal has been criticized as an example of Chinese debt-trap diplomacy, in which China lends money to countries on predatory terms. Then it uses the debt to pressure countries into giving up strategic assets.

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