China Legally Stole Sri Lanka's Only World Class Port for 99 Years.

We've heard tales China was entrapping small nations in infrastructure debt and then grabbing stuff.  Here's detail from USAID's Bonnie Glick:

"In Sri Lanka, the government signed on the dotted line without reading all the fine print and the fine print indicated that if Sri Lanka was not able to pay the debt servicing on the loan that it took out from the People’s Republic of China to build that port - that world class port - that port would be turned over on a 99 year concessionary lease to the Peoples Republic of China, and it’s –oh by the way – significantly situated for defense maneuvers as well. Sri Lanka bought this story that they would have ten thousand port calls a year. In the first year of operation, there were 37. And so, when it became clear that Sri Lanka would not be able to pay that debt servicing, China swooped in and has taken a 99 year concessionary lease possession of Sri Lanka’s largest world class port."

Transcribed from the opening remarks of the interview with Jan Jekielek of American Thought Leaders.  The supporting information below is copied from Wikipedia:

More info: Magampura Mahinda Rajapaksa Port - Wikipedia

ALSO DJIBOUTI: At the 17 minute mark in the same interview, Glick reports that China now holds all the strings there with the same play, also in a strategic position at the entry to the Red Sea.