The President informs China that Sri Lanka needs investment. China assures its full support for Sri Lanka’s development

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The newly appointed Ambassador of the People’s Republic of China to Sri Lanka Qi Zhenhong presented his credentials to President Gotabaya Rajapaksa at the President’s House today. During the brief cordial discussion with the Chinese Ambassador following the ceremony, President Rajapaksa expressed his satisfaction over the long-standing and lasting cooperation and friendship with mutual benefits between Sri Lanka and China.
The president said China extended its support towards Sri Lanka’s infrastructure development, especially after winning the war against separatism. Colombo Port City, Hambantota Port, Southern Expressway are some of such initiatives. The president said projects started with the assistance of China have high income generation and employment creation potentials and his expectation is to see the full completion of these projects before the end of his tenure.
The President stated that Sri Lanka has made it a priority to attract investments instead of further foreign borrowings in its development drive. He said there are vast investment opportunities available in Agricultural sector, Communication Technology and education are special among them. The president pointed out that livelihood of around 30% of the population of Sri Lanka depends on rural agriculture. He said achieving the kind of rural development that China has reached over the past two or three decades and to improve the living standards of the rural population in Sri Lanka is one of his prime objectives. The President told the new Ambassador Sri Lanka seeks his assistance in this regard. In response, Ambassador Zhenhong said that his government is ready to make the maximum possible contribution to the success of Sri Lanka’s economic and social development endeavors.

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