Sri Lanka is very much a partner in China's ambitious One Belt One Road initiative, a Communist Party delegation said here today.
Chinese President Xi Jinping's multi-billion initiative focuses on improving connectivity and cooperation among Asian countries, Africa, China and Europe.
Guo Yehou, a Chinese Vice Minister, met Sri Lankan Prime Minister Ranil Wickremesinghe as part of the ongoing close relationship between the ruling Communist Party of China (CPC) and Wickremesinghe's United National Party (UNP), the prime minister's office said in a statement.
Wickremesinghe is the main negotiator of the Sri Lankan government's trade links with China.
The Chinese delegation assured Wickremesinghe of all assistance to make Sri Lanka a commercial and financial hub in South Asia, the statement said.
The prime minister has faced internal criticism for his furtherance of the Chinese projects including the construction of the port city in Colombo and the industrial park around the sea port in Hambantota.
Both were Chinese infrastructure projects funded under commercial loans during the 10-year rule of former president Mahinda Rajapaksa.
In December last, Sri Lanka had handed over the control of the southern sea port of Hambantota to China on a 99-year lease, triggering concern here over Beijing's efforts to expand influence in the region.
The opposition has dubbed the deals as the sell out of national assets.
Disclaimer: No Business Standard Journalist was involved in creation of this content
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
