President Mahinda Rajapaksa received Xi at the airport who became the first Chinese leader to visit Sri Lanka since 1986.
Since the advent of Rajapaksa's presidency, Sri Lanka has looked up to China as its main development partner.
At least 20 bilateral agreements in the power sector, industry, sea reclamation and water supply and several other areas of engagement running into multi-billion-dollar investments are to be signed during Xi's two-day visit, including for construction of a Beijing-funded USD 1.4 billion port city, local officials said.
A free trade agreement between the two countries is to be signed. Bilateral trade exceeded USD 3 billion in 2013.
This is the second high-profile Sri Lanka visit by a foreign dignitary this month.
Last week, Japanese Prime Minister Shinzo Abe made a whistle-stop tour largely aimed at rekindling Japan-Sri Lanka relations in the face of growing Chinese influence in the island.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
