Chinese President Xi Jinping pledged 2 billion Yuan (290 million dollars) development assistance to Sri Lanka for 2018 – 2020 period in addition to a 400 million Yuan grant which will be received this year for economic and technical corporation. The Chinese President made this pledge when he met Prime Minister Ranil Wickremesinghe in Beijing on May 16, 2017.

He said that China will support Sri Lanka’s peace, unity, reconciliation and economic development and stressed the importance of further improving the bilateral ties. This year, China and Sri Lanka mark the 60th anniversary of establishing diplomatic relations between the two nations and 65th anniversary of signing Rubber–Rice Pact.

The agreement for the 400 million Yuan grant to develop the economic and technical cooperation between China and Sri Lanka was signed yesterday in Beijing, China. The agreement was signed in front of Chinese Prime Minister Li Keqiang and Sri Lankan Prime Minister Ranil Wickremesinghe by the Chinese Deputy Trade Minister Fu Ziying and International Trade Minister Malik Samarawickrama.
Courtesy of www.lankabusinessonline.com