China signs 99-year lease on Sri Lanka’s Hambantota port

China signs 99-year lease on Sri Lanka’s Hambantota port Sri Lanka on Saturday formally handed over the strategic southern port of Hambantota to China on a 99- year lease, in a deal dubbed by the opposition as a sell-out. Two Chinese firms — Hambantota International Port Group (HIPG) and Hambantota International Port Services (HIPS) managed…