China and Sri Lanka Seek to Boost Ties Through New Initiatives After Past Struggles
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China-backed projects in Sri Lanka like MRIA airport, Hambantota port, and Port City Colombo have underperformed as "white elephants"
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Recent initiatives try to boost investments like oil refinery deal, dispute resolution center, and tax holidays
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A China-Sri Lanka free trade agreement could assure policies stay in place despite political changes
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Joint ventures like Hambantota port's progress show potential versus government-run projects
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Policy coordination needed to clarify investment incentives and compete with SEZs in Dubai, India