Abstract:
Sri Lanka and China have very old diplomatic and foreign relations. There are
also several commercial projects in Sri Lanka recently undertaken by the
Republic of China. It also economically, politically and socially very
important. The study is an experimental study on the Hambantota port which
is a unique commercial development project undertaken by the republic of
china. This will improve the strategic as well as the positive orientation of the
noneconomic and domestic foreign relations. With the acquisition of the
Hambantota port by the Chinese Harbor Company (CHC), it is evident that Sri
Lanka is in a serious strategic crisis. The research objective of this research is
to study the recent diplomatic relations between Sri Lanka and China and to
study the Chinese projects implemented in Sri Lanka and the impact of such
projects. The research problem is, what is the impact of recent Chinese
Diplomatic projects between Sri Lanka and China. The research method of
this study was qualitative research and observation method. Studies show that
china became the largest development pioneer in Sri Lanka in present. As a
development project, the Hambantota port is economically weak, and the
acquisition of the port has had a major impact on the economy of Sri Lanka as
well as on the sovereign and the security of the state. Sri Lankan’s public
resources have not been properly utilized. Furthermore, the Hambantota port
also has handed an impact on India diplomatically. Sri Lanka is facing an
unbearable economic crisis and a negative impact on the economy. Conclusion
it is clear that this project will have an impact on Sri Lanka’s sovereign and
economy.
