Competition is a natural by-product of major powers navigating an anarchic world. Small states face a dilemma, when caught in the middle between two rivaling major powers. Sri Lanka in particular, has captured international attention as a key battleground between Beijing and New Delhi in their tussle for influence in South Asia. Whilst some scholars argue that the island is a personification of China’s ‘debt trap diplomacy,’ others contend that China’s influence should not be exaggerated, as Chinese lending amounts to less than 15% of Sri Lanka’s total external debt.  Concerns over Sri Lanka’s sovereignty have been rife following the US $ 1.12 billion debt-to-equity swap of the Hambantota Port Agreement and the proposed lease of the Mattala International Airport …