"(Chinese) President Xi Jinping has emphasised connectivity. "India skipped the meeting due to its sovereignty concerns over the $50 billion CPEC, which goes through Pakistan- occupied Kashmir. Sri Lanka is facing a problem of debt repayment," he said, defending Sri Lanka opting for debt swap for harbour.Sri Lanka has an estimated debt of $8 billion to China. The company will be registered in Sri Lanka. Sri Lanka doesn't have to repay," he said, adding, "it was a win win situation for us".

Source: Times of India May 16, 2017 15:08 UTC