<h1>China Faces $7 Billion Loss in Sri Lanka Debt Restructuring; Ambassador Optimistic About Future Tri-Nation Projects.</h1> China incurred a loss of USD 7 billion due to Sri Lanka's external debt restructuring, as reported by the Daily News. The Chinese Ambassador to Colombo highlighted that China was the first bilateral creditor to reach a restructuring agreement with Sri Lanka in October 2023. Sri Lanka restructured USD 46 billion of external debt following its 2022 economic crisis. The ambassador expressed optimism about China and India collaborating to support Sri Lanka's development, particularly in the northern province, emphasizing the potential for joint projects involving all three nations.