evidence: Sri Lanka has confirmed that it has reached a deal with China, to restructure $4.2bn (£3.4bn) of debt. [...] "We thank China Exim bank (Export and Import bank) for the support in resolving our country's debt situation," Sri Lanka's Finance Ministry said in a statement. [...] Sri Lanka has a total foreign debt of $46.9bn, 52% of which is owed to China, its largest lender.