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Tuesday May 11th, 2021
Economy

Sri Lanka gets Chinese investors as president heads for China

COLOMBO (EconomyNext) – Several Chinese investor teams are expected in Colombo this week to explore business opportunities as Sri Lankan President Maithripala Sirisena left on a four-day official visit to China.

Four separate Chinese delegations, representing different Chinese provinces, will arrive in Sri Lanka on the 26th, 27th, and the 30th of March and on April 1st, the Ceylon Chamber of Commerce said.

The visits are arranged by its Sri Lanka – China Business Council.

"The Chinese business delegations have expressed their interest to meet local counterparts engaged in travel, automobile, aluminium, heavy industries, furniture, and imports and exports."

The visiting delegations are representing the Shenyang, Shandong, Liaoning and Yunnan provinces of China, which has emerged as one of Sri Lanka’s biggest trade partners and provider of loans.

The island’s new president, Maithripala Sirisena, was to leave for China Wednesday afternoon on the invitation of President Xi Jinping of China.

The visit comes at a time of some tension in Sino-Lanka ties after Sirisena’s new government began probing Chinese infrastructure projects approved by the ousted Rajapaksa regime.

Sirisena will hold bilateral discussions with his counterpart and senior Chinese government officials covering trade and investment and also the proposed Sri Lanka – China Free Trade Agreement.

 

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