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Sri Lanka hands over debt-laden port to Chinese owner

Sri Lanka Saturday handed over a deep-sea port to a Chinese firm, in a deal agreed to boost the cash-strapped island's finances that has raised concerns at home and abroad over Beijing's growing influence. The $1.12 billion deal first announced in July lets a Chinese state company take over the southern port of Hambantota, which straddles the world's busiest east-west shipping route, on a 99-year lease.
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