Welcoming Sirisena whose government has suspended the USD 1.5 billion Colombo Port City projects and sought renegotiation of USD five billion loans, Xi fondly recalled his visit to Colombo last September when Mahinda Rajapaksa was in power.
Since then the scene in Colombo has dramatically changed with the new regime closely scrutinising a host of Chinese projects for corruption as well as high interest rates being charged over USD 5 billion loans.
Sirisena is on his first visit to China after becoming Sri Lanka's president.
He said China has always viewed Sri Lanka as an important diplomatic partner in region.
"In the current situation, we will continue to make efforts toward building the relationship towards a new era in the traditional friendship between China and Sri Lanka," he said.
Since then he said he visited China many times and recalled how the relations between Colombo and Beijing have strengthened by successive regimes of his party the Sri Lanka Freedom Party.
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
