China offers loan to Sri Lanka

By a Staff Reporter: Sri Lanka is going through a severe financial crisis. Before that, the financial crisis has intensified in Sri Lanka with loans from China. However, China once again offered a loan to Sri Lanka. According to the European Foundation for South Asian Studies, in 2022, the Sri Lankan dollar default exceeded 6 billion. In the meantime, experts believe that Sri Lanka could face even bigger problems if it borrows from China again.