CIA chief Bill Burns says chaos-hit Sri Lanka made 'dumb bets' on China-World News , Firstpost

Washington: CIA chief Bill Burns on Wednesday blamed “dumb bets” on high-debt Chinese investment as a factor in Sri Lanka’s economic collapse, saying it should serve as a warning to other nations. “The Chinese have a lot of weight to throw around and they can make a very appealing case for their investments,” Burns said at the Aspen Security Forum. But nations should look at “a place like Sri Lanka today — heavily indebted to China — which has made some really dumb bets about their economic future and are suffering pretty catastrophic, both economic and political, consequences as a…