China to invest US$ 5 billion in Sri Lanka: Ranil

7 January 2017 03:09 pm - 12     - {{hitsCtrl.values.hits}}

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China would invest US$ 5 billion in Sri Lanka within the next two to three years, Prime Minister Ranil Wickremesinge said today.

Speaking during the opening of the Southern Industrial Development Zone in Hambantota , Mr. Wickremesinge said it would boost employment opportunities and would enhance the life style of the people.

“I would like to thank the Chinese Ambassador for confirming this investment" he said.

Chinese Ambassador Yi Xianliang, who confirmed this, said Chinese investors would always give priority to Sri Lanka.

He said China-Sri Lanka bilateral relations were a role model for all bilateral relations in the world. (Yohan Perera)

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  Comments - 12

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  • Ahmed Saturday, 07 January 2017 10:47 PM

    says the guy who stopped port city project

    Citizen Sunday, 08 January 2017 07:34 AM

    Where are your Western darlings now?

    Mohan Sunday, 08 January 2017 08:54 AM

    China won't create any local jobs in Sri Lanka. They bring there own workers from China and this will take the local economy. This similarly happened in certain African countries.

    Don Sunday, 08 January 2017 09:18 AM

    The sad truth is that southerners are lazy which will get pointed out when industries are set up. via DM Android App

    Muril Sunday, 08 January 2017 12:39 PM

    The biggest con job on Sri Lanka! Only jobs created are for imported Chinese labour.

    Kathir Sunday, 08 January 2017 03:31 PM

    If Sri Lanka allows China to keep a large part of land for 99 years,certainly our ecnomy will come down.To résolve the debts we could have found another solution?

    Mahila Saturday, 07 January 2017 03:47 PM

    Very Good News. Positive. Why are they not protesting at this because this will mean some more land in Sri Lanka will go to Chinese industries and Sri Lankan's will become homeless/landless or Paupers!!

    Nimal Saturday, 07 January 2017 03:49 PM

    Now what would people who said that during mahinda'a era the country goes to china ? Dont you see yahapalana does the same ? In that case seems like yahapalana government realise that there is no way to go further without china...is there a different between mahinda and yahapalana ? People need to think....

    Liberal One Saturday, 07 January 2017 04:02 PM

    That's good. But keep the land in government ownership and lease them case by case. Not offer all the land in a platter blindly.

    Saman Saturday, 07 January 2017 04:04 PM

    Sad truth is talk about investment and jobs is not a good selling point for our people. They just want the politicians to provide for them.

    viithura Saturday, 07 January 2017 04:20 PM

    Sri Lanka should ensure that all those employed are Sri Lankan nationals and not Chinese, as done under the previous regime when Chinese labourers were used to build roads.Otherwise it will be a Chinese 'infestment'.

    bbod Saturday, 07 January 2017 05:04 PM

    How many jobs did Mahinda's prjects generate?


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