Sri Lanka allows controversial Chinese ship visit by AFP Staff Writers Colombo (AFP) Aug 13, 2022 Sri Lanka granted port access Saturday for a controversial Chinese research vessel, the foreign ministry said, despite neighbouring India's concerns that it could spy on New Delhi's military installations. The Yuan Wang 5 is described as a research and survey vessel by international shipping and analytics sites, but according to Indian media it is a dual-use spy ship. New Delhi is suspicious of Beijing's increasing presence in the Indian Ocean and influence in Sri Lanka, seeing both as being firmly within its sphere of influence. The Yuan Wang 5 was originally due to call at Sri Lanka's Chinese-run Hambantota port on Thursday, only for Colombo to ask Beijing to indefinitely defer the visit following India's objections. But Sri Lanka's foreign ministry said the vessel had been granted permission to dock at Hambantota on Tuesday and remain for six days. It is required to keep its Automatic Identification System (AIS) switched on while in Sri Lanka's exclusive economic zone, and is not allowed to carry out scientific research in Sri Lankan waters, the ministry added. Sri Lanka's harbour master, Nirmal P. Silva, told AFP: "The diplomatic clearance was received by me today. We will work with the local agent appointed by the vessel to ensure logistics at the port." Colombo had initially granted permission for the Chinese vessel on July 12, a day before then president Gotabaya Rajapaksa fled following months of protests over the country's worst-ever economic crisis. Rajapaksa -- whose brother Mahinda borrowed heavily from China while president from 2005 to 2015 -- resigned after escaping to Singapore. Tens of thousands of protesters overran Rajapaksa's palace and home in Colombo after accusing him of mismanagement in an economic crisis that has led to acute shortages of food, fuel and medicines. The new government led by Ranil Wickremesinghe withdrew permission for the port call last week pending "consultations" with India as well as the United States, which had raised concerns over security in the region. The foreign ministry said it had resolved the matter "in a spirit of friendship" with Sri Lanka needing international help. - Trade routes - Port officials said the Chinese vessel was about 1,000 kilometres (620 miles) southeast of Sri Lanka on Friday night and was heading slowly towards the Hambantota deep sea port. Sri Lanka leased the facility -- close to main shipping routes from Asia to Europe -- to China for 99 years for $1.12 billion, less than the $1.4 billion Sri Lanka paid a Chinese company to build it. According to Indian reports, the Yuan Wang 5 could be employed for space and satellite tracking, and has specific uses in intercontinental ballistic missile launches. The Indian government has expressed concern that the ship could spy on its activities, and had lodged a complaint with Colombo. New Delhi's foreign ministry has said it will closely monitor "any bearing on India's security and economic interests and takes all necessary measures to safeguard them". Even as permission for the Chinese vessel to enter Sri Lankan waters was announced, Colombo's air force said it had been given a maritime surveillance aircraft by India. It said the Dornier 228 patrol aircraft was loaned from the Indian naval fleet as part of a donation arranged in 2018. Sri Lankans will crew the aircraft, but Indian instructors will supervise.
Five major Chinese firms to delist from NYSE Beijing (AFP) Aug 12, 2022 Five major Chinese companies including two of the country's largest oil producers will delist from the New York Stock Exchange, the firms said in filings on Friday. Sinopec and PetroChina - two of the world's biggest energy firms - will apply for "voluntary delisting" of their American depositary shares, the companies said in separate statements. The Aluminum Corporation of China, also known as Chalco, as well as China Life Insurance and a Shanghai-based Sinopec subsidiary, announced similar ... read more
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