China Merchants Port Holdings, a state-owned Chinese port operator, withdrew from a proposed US$392 million joint venture to develop a logistics hub in Sri Lanka’s Port of Colombo this month, renewing questions about the viability of China’s Belt and Road Initiative (BRI) in South Asia. The developm. Add TT as Preferred Source China Merchants Port Holdings, a state-owned Chinese port operator, withdrew from a proposed US$392 million joint venture to develop a.