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Sri Lanka’s weak regulatory frameworks responsible for China incurred debt crisis: Report

Colombo [Sri Lanka], September 5 (ANI): As the debt crisis continues to grip the island nation of Sri Lanka, the root cause of problems behind the loans lent by China are weak regulatory frameworks in the country and weak circumspection exercised by politicians and public officials in making decisions, a research media release said.
Media reports partly blame China and its lending practices, for Sri Lanka’s debt crisis, s