Didn’t say capital was fleeing China, just that more investment is looking at places other than China. Plenty of news from HK, Taiwan, etc, where companies are expanding or moving manufacturing out of China as quickly as they can.
Sri Lanka, they have debt @ 77% of GDP – it’s all ok until you currency drops and your debt is in another currency. https://www.channelnewsasia.com/news/asia/sri-lanka-struggles-to-repay-record-foreign-debt–pm-11107460
Their PM says they have problems paying.
Will China be ok – sure. But India is unhappy with what’s going on. Just proves that there will be competing spheres of influence in Sri Lanka too (Colombo vs Trincomalee)
Hopefully with everyone playing around there, another civil war isn’t started again – it’s only been 10 years.
