Sri Lanka asks China for help with trade, investment and tourism

The island nation of 22 million people is suffering its worst economic crisis since independence in 1948 after running out of foreign reserves. Protesters angry about the shortages of fuel, food and medicine toppled the Rajapaksa ruling family.

He said Beijing could also help by pouring further investment into vast China-backed port projects in Colombo and Hambantota. Major Chinese investment plans had not materialised because of the Covid-19 pandemic, Mr Kohona said. Mr Wickremesinghe is no stranger to China. A photo of him shaking hands with Chinese president Xi Jinping when he visited Beijing in 2016 as prime minister hangs in the hallway of the embassy where Reuters interviews Mr Kohona.He said he understands China is finding it hard to act quickly to help Sri Lanka now because as a major global creditor it is also financially exposed to many other countries in financial difficulty.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Sri Lanka asks China for help with trade, investment and tourismI hope China will help. Poor Sri Lanka is in dire straights. straits_times Making same mistake 🤯🤔 Here we go again .
Source: STForeignDesk - 🏆 4. / 71 Read more »

Sri Lanka asks China for help with trade, investment and tourismBEIJING: Sri Lanka has asked China to help with trade, investment and tourism to help it grow sustainably, Colombo's envoy to Beijing said on Monday (Jul 25) as it negotiates for an emergency
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »