China assures support for SL’s post-COVID-19 economic revival

30 April 2020 02:30 am - 8 - {{hitsCtrl.values.hits}}

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Sri Lanka will receive help not only from the Central Government of China but also from the country’s leading companies and banks to rebuild its economy in the post-COVID -19 period, China has said. The Acting Ambassador and Chargé d'affaires of the Chinese Embassy in Colombo Hu Wei conveyed this to President Gotabaya Rajapaksa at the Presidential Secretariat yesterday, the President's Media Division said. Mr. Hu said when we faced COVID- 19 disaster recently, Sri Lanka stood with the country. "China is willing to return that goodwill in the form of fullest cooperation to revive Sri Lanka’s economy in the post-COVID-19 period," he said. Exchanging pleasantries with President Rajapaka, the Acting Ambassador quoting a Chinese saying said that “true friendship is to stick together in sorrow and happiness”. He said his country and the people are grateful to Sri Lanka for being a friend in both good and bad times. Mr. Wei emphasized that China expects to assist Sri Lanka to overcome its future challenges. Recalling the assistance extended by China to Sri Lanka from the time of Rubber-Rice Pact, President Rajapaksa said China stood with Sri Lanka during the armed conflict and the post-conflict development drive. COVID-19 pandemic has adversely impacted not only the global economy but also Sri Lanka, President Rajapaksa noted. The sharp drop in foreign exchange earnings has posed an enormous challenge before the country, President added. "Due to the nosedive plunge of global economy we have lost the income generated by apparel industry and tourism . It might take a considerable amount of time for the global economy to recover. As such, Sri Lanka has planned to adopt a new development model to create a production economy," said the President while adding that he hopes to receive the positive responses and goodwill of friendly nations to make it a success. “Our expectation is not just limited to receiving loans and financial grants. One of our prime objectives is to attract foreign investments which can positively contribute to the increase in production. There are ample opportunities for foreign investments in various sectors including agriculture based production and in the construction field. I invite China and other countries to make use of those opportunities," the President said. “Mr. President, we are with you”, the Acting Chinese Ambassador said concluding the friendly discussion, the PMD said. Secretary to the President P. B. Jayasundera and the Head of the Political Office of the Chinese Embassy in Sri Lanka Luo were also present. (Lahiru Pothmulla)

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Comments - 8

Gan Thursday, 30 April 2020 11:51 AM

pls first clean BOI and make it really service the foreign investors

Gan Thursday, 30 April 2020 11:51 AM

pls first clean BOI and make it really service the foreign investors

Anehyako Thursday, 30 April 2020 11:57 AM

After causing the problem, trying to profit from us also. Classic

AkaAD Thursday, 30 April 2020 01:10 PM

How much is the loan interest?

vithura Thursday, 30 April 2020 08:59 PM

Trust your enemy, but not China!

RP Thursday, 30 April 2020 09:49 PM

Wow, indeed a true friend. Which part of the island or Port would you grab in return. True friends don't co-erce they co-exist and co-operate.

SuranyaP Thursday, 30 April 2020 10:11 PM

NEUTRAL policy, Mr President please. Tell the Chineese, Americans

ram Friday, 01 May 2020 12:09 AM

China should be held responsible for spread of COVID around the world. China should compensate countries that are affected by Chinese COVID-19.

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China assures support for SL’s post-COVID-19 economic revival

Comments - 8

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