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China to continue support for Sri Lanka, enhance Belt and Road, aviation

ECONOMYNEXT – China will continue to support Sri Lanka and is willing to enhance Belt and Road cooperation, President Xi Jinping had told President Gotabaya Rajapaksa during a telephone conversation.

China will continue to provide necessary assistance to Sri Lanka, conduct cooperation in areas including aviation and education and explore other potential cooperation areas, President Xi was quoted as saying by Beijing based state-run CGTN television.

China is willing to work with Sri Lanka to enhance Belt and Road cooperation and contribute to the economic revival of Sri Lanka in the post-pandemic era, President Xi had said.

China gave a 10 billion yuan swap line to Sri Lanka’s central bank. Sri Lanka is also negotiating a 700 million dollar equivalent loan with the China Development Bank.

Sri Lanka has seen an erosion of foreign reserves amid money printing. (Colombo/Mar30/2021)

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