Intentar ORO - Gratis

Bye Bye Beijing: Your lessons are with me

Daily FT

|

July 18, 2025

I was born in 1961, which happened to be in Sri Lanka. Suppose my birth happened in China in that year. In that case, it is quite unlikely that my trajectory would have been to be a vegetarian. In 1961, China was suffering from one of the worst famines a country has ever suffered -three years of great famine. In such an environment, you do not have the luxury of exercising choices. As I leave after a three-month stay, I have experienced a China that to me is seen as plentiful, productive, powerful, and purposeful.

- By Prof. Ajith de Alwis

Bye Bye Beijing: Your lessons are with me

I had the opportunity to travel widely and meet researchers, academicians, and industrialists. Of course, my interest was in science and technology, and my singular observation is how connected the growth of China has been to its reliance on science, technology, and education. Of course, the acceleration of China happened after the opening up of its economy was done in the China way. Believe, however, the mindset of people and the work ethos, irrespective of open or closed system, played a dominant role in shaping China to be what it is today.

Sticking to the knitting

The decision-making, as well as sticking to the knitting, perhaps, is the secret of China's success. I had the opportunity to present on industrial estate developments in China in the presence of a pioneer in this area from Korea (Prof. Parks) at CARES. Tracing the history, I pointed out that Sri Lanka had the first industrial estate in the region way back in 1957 (actually two estates, one at Ekala Jaela and the other at Ratmalana), and this effort was way ahead of both China and Korea. We had a near-perfect institutional setting with research centres, venture fund system (DFCC Bank), and a State Industrial Estate Development Corporation. Well, we know how they have progressed, while both China and Korea, very much late comers now, owe a significant percentage of their GDP to the contribution from industrial estates.

Another interesting thought crossed my mind when I was in Shenzhen. This is the place where China first experimented with the open economy transformation, and they declared this area a Special Economic Zone. They were seeing Hong Kong and its differences on the other side of the Pearle River. China started the transformation of Shenzhen in 1980, and it was at the same time as Katunayake was developed as a Free Trade Zone. China opted to use the Special Economic Zone, as I indicated earlier, as they opened up with their own way.

MÁS HISTORIAS DE Daily FT

Daily FT

Daily FT

LOLC Group drives Ceylon Motor Show 2025 as exclusive sponsor

THE LOLC Group, has announced its partnership as the exclusive Sponsor of the Ceylon Motor Show 2025, largest and only international-standard automotive exhibition in the country.

time to read

2 mins

October 14, 2025

Daily FT

Daily FT

South Africa hold nerve to beat Bangladesh in classic thriller

ICC WOMEN'S CRICKET WORLD CUP

time to read

2 mins

October 14, 2025

Daily FT

Daily FT

Coca-Cola appoints Mario Perera as Country Head for Sri Lanka and Maldives

THE Coca-Cola Company yesterday announced the appointment of Mario Perera as Country Head fo Sri Lanka and the Maldives With over 14 years of experience in the food and beverage (F&B) industry, Mario brings extensive regional and global leadership experience, having managed global brands across multiple countries.

time to read

1 min

October 14, 2025

Daily FT

World Elite acquires 50% Gestetner stake for Rs. 318.7 m

GESTETNER of Ceylon PLC yesterday said that Hong Kong-based World Elite Ltd. has acquired a controlling 50.01% stake in the company through trades executed in the market.

time to read

1 min

October 14, 2025

Daily FT

Daily FT

Court upholds fair access for tourism operators in Samanalawewa

ECO Team Group, the pioneer of canoeing and kayaking in Samanalawewa, has welcomed a recent Court of Appeal ruling reinforcing fair and transparent access to the lake for all tourism operators.

time to read

1 min

October 14, 2025

Daily FT

Daily FT

NDB Bank partners DIMO to expand customer-friendly leasing solutions

NDB Bank recently entered into a Memorandum of Understanding (MoU) with DIMO to extend affordable and accessible leasing facilites to.a wide spectrum of customers.

time to read

1 mins

October 14, 2025

Daily FT

Daily FT

Deutsche Bank says SL at turning point; will step up support

GERMANY'S multinational financial services giant Deutsche Bank last week said with macroeconomic indicators improving Sri Lanka is at a turning point and it will step up being a conduit for global capital, enabling trade and investment.

time to read

2 mins

October 14, 2025

Daily FT

Daily FT

Colombo Port posts Rs. 32 b profit YTD Aug. 2025

SLPA says will reinvest earnings to boost transshipment hub status

time to read

1 min

October 14, 2025

Daily FT

Daily FT

Abans Group Director Dr. Dubash honoured with Visionary Leadership Award

ABANS Group has announced that Group Director Dr. Saroshi Dubash has been recognised with the ‘Visionary Leadership in Organizational Excellence’ Award at the 15th Top 50 Professional & Career Women Global Awards 2025, held at Shangri-La Colombo on 9 October.

time to read

1 mins

October 14, 2025

Daily FT

Daily FT

Indian banks can lend in INR in SL, Bhutan, and Nepal

THE Reserve Bank of India has amended regulations allowing Indian banks to extend loans in Indian rupees (INR) to banks and individuals residing in Sri Lanka, Bhutan, and Nepal.

time to read

1 min

October 14, 2025

Listen

Translate

Share

-
+

Change font size