Sri Lanka's foreign minister said on Wednesday that the South Asian island nation had signed an agreement with Chinese state ...

During his visit to China from January 14-17, Sri Lankan President Anura Kumara Dissanayake secured several agreements, ...

DALIAN, China -- A short-lived attempt by a Chinese county to sell rights to access local airspace underscores the challenge China's regional governments face in supplementing their plunging ...

Sri Lanka and China have taken yet another major step towards economic cooperation. In a landmark deal, Sri Lanka has secured ...

In a significant boost to economic ties, Sri Lanka has secured a landmark $3.7 billion foreign direct investment from China's Sinopec, marking a pivotal moment in the island nation's recovery efforts.

Sri Lankan President Anura Kumara Dissanayake is visiting China to strengthen bilateral relations with talks on strategic issues such as debt commitments and the Belt and Road Initiative. The visit ...

BEIJING: China and Sri Lanka have agreed on more investment and ... Colombo secured a preliminary $10 billion bilateral debt deal rework with key lenders including China, Japan and India last ...

Sri Lanka’s economic crisis has deepened its reliance on Chinese investments, with Beijing accounting for over 20% of its external debt in 2022. China's financial leverage is evident in its ...

Dissanayake came to power in September and consolidated his power after his party won a landslide in snap parliamentary polls in November.

A host of issues, including permitting Chinese research vessels, regarded as spy ships by India; Sri Lanka's debt commitments to China, stated to be Colombo's largest creditor, and expansion of the ...

fuel and medicine shortages. China accounted for more than half of Sri Lanka's bilateral debt at the time of the economic crash.

China’s support is vital for Sri Lanka to restructure its external debt. China accounts for about 10% of Sri Lanka’s loans, more than Japan or the Asian Development Bank. Sri Lanka borrowed heavily ...