China's new deal with Sri Lanka

The leader of Sri Lanka navigates the China-India rivalry on a visit to Beijing
Sri Lanka’s Marxist-leaning President Anura Kumara Dissanayake has held talks with Chinese leader Xi Jinping, one month after visiting India on his first overseas trip since winning election in September.
China, Sri Lanka agree more investment and economic cooperation
China and Sri Lanka agreed on more investment and economic cooperation on Wednesday as China's President Xi Jinping met recently-elected Sri Lankan President Anura Kumara Dissanayake in Beijing.
China's new deal with Sri Lanka: Should it worry India?
Sri Lanka will receive its largest FDI from China with a $3.7 billion investment in an oil refinery under China's BRI. Sinopec's refinery deal competes with India's strategic interests in Sri Lanka's energy market.
Sri Lanka and China renew $1.4 billion currency swap for 3 years
The Central Bank of Sri Lanka (CBSL) and the People’s Bank of China (PBoC) have renewed the Bilateral Currency Swap Agreement signed in 2021, for a period of another three years, under the terms and c
China ready to bring in US $ 10 billion to Sri Lanka
Sri Lanka stands the chance of attracting investments from Chinese companies amounting to around US $ 10 billion as a result of President Anura Kumara Dissanayake’s state visit, Daily Mirror learns. .
China will continue to help Sri Lanka achieve financial relief
China will continue to play a "positive role" in the International Monetary Fund and maintain friendly communication with other creditors, in assisting Sri Lanka to achieve financial relief and debt sustainability,
China-Sri Lanka partnership to carry on spirit of Rubber-Rice Pact
The visit is the first one to China by President Dissanayake since his taking office, and is of great significance to the development of China-Sri Lanka relations. Dissanayake and his new government,
Sri Lanka’s China dilemma: Strategic partnerships and the risk of overdependence
Sri Lankan President Anura Kumara Dissanayake is on a four-day visit to China from 14 to 17 January 2025. During his visit, he met with Chinese President Xi Jinping and other high-ranking officials to discuss bilateral ties and cooperation.
China offers to invest $3.7 billion in oil refinery in Sri Lanka as Dissanayake pitches for more Chinese investments
Dissanayake incidentally was a critic of the Hambantota port deal for its long-term lease while he was in the opposition.It was seen as a balancing act as last year India and Sri Lanka inked a deal to jointly develop 85 Word War II-era oil storage tanks at the strategic Trincomalee port in the eastern region of the country.
Sri Lanka President Draws Investments on Maiden China Visit
Sri Lankan President Anura Kumara Dissanayake attracted investments and support for debt sustainability from China on his first visit to Beijing since being elected in September.
Sri Lanka balances China and India for growth
Chinese leader Xi Jinping said relations between China and Sri Lanka faced a "historical opportunity" to foster ties, in talks with the island nation's President Anura Kumara Dissanayake on Wednesday.
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China Inks $3.7 Billion Oil Deal With Sri Lanka | Becomes Biggest Bilateral Lender | China Debt Trap
Sri Lanka and China have taken yet another major step towards economic cooperation. In a landmark deal, Sri Lanka has secured a record-breaking $3.7 billion foreign direct investment with Sinopec, a ...
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Sri Lanka, Sinopec sign agreement for USD 3.7 bln investment in oil refinery
Sri Lanka’s Ministry of Power and Energy and China’s Sinopec Corporation have signed an agreement to build an oil refinery in ...
BRI helps shore up Sri Lanka’s economic resilience, development prospects
Sri Lanka's President Anura Kumara Dissanayake concluded a four-day state visit to China on Friday. The visit shows that the ...
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SJB urges President AKD to revisit previous harsh criticism on China
MP Harshana Rajakaruna yesterday while commending President Anura Kumara Dissanayake for seeking assistance from foreign ...
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China to support capacity building in Sri Lanka’s judicial, law enforcement and security
Sri Lanka and China have reached extensive common understandings on deepening traditional friendship and advancing ...