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China-Sri Lanka ties in a changing world

Daily FT

|

May 27, 2025

Chinese Ambassador to Sri Lanka Qi Zhen- hong affirms that the so-called “Chinese debt trap” narrative is politically driven and unsupported by facts. Emphasising the strong foundation of bilateral ties, he notes that the scope for cooperation be- tween China and Sri Lanka is broad, with a promising outlook for the future. Further he noted the upcoming visit by Chinese Com- merce Minister Wang Wentao with an eco- nomic and trade del- egation is expected to unlock fresh opportu- nities for deeper bilat- eral cooperation. Prior to his assignment in Colombo, Ambassador Qi served as China’s Ambassador to the Kingdom of Bahrain.

- By DINESH WEERAKKODY

China-Sri Lanka ties in a changing world

Q Your recent article in the FT refers to China as a “more trustworthy partner” for Sri Lanka. What specific factors have shaped this perception, and how is that trust reflected in the current state of bilateral relations?

A The bond between China and Sri Lanka is rooted in mutual respect and generational friendship. We have consistently supported one another on matters of core interest. During the COVID-19 pandemic, despite global vaccine shortages and domestic demand, China supplied Sri Lanka with a substantial volume of vaccines and PPE—more than 70% of Sri Lankans received Chinese vaccines. This played a pivotal role in protecting public health and restoring normalcy. China was also the first country to agree to a debt restructuring framework with Sri Lanka and remains its largest bilateral creditor. The state visit of President Disanayake to China this January marked another milestone, resulting in new cooperation agreements across trade, agriculture, social welfare, and media under the Belt and Road Initiative (BRI). We are committed to ensuring these projects deliver tangible benefits.

Q Given the potential adverse impact of rising US tariffs on Sri Lanka’s economy and the need to diversify into new markets —particularly for the garment sector—what role can China play in enhancing the country’s industrial resilience and competitiveness?

FLERE HISTORIER FRA Daily FT

Daily FT

Daily FT

Marikkar tears into Rs. 500 b Supplementary Estimate

SAMAGI Jana Balawegaya (SJB) MP S.M. Marikkar yesterday tore into the Government's Rs. 500 billion Supplementary Estimate for post-Ditwah recovery in 2026.

time to read

1 min

December 19, 2025

Daily FT

SSC certainly mean business

SSC certainly means business the way they have launched their campaign to win the Tier B 3-day league and gain promotion next year to the Major Clubs 3-day league.

time to read

1 mins

December 19, 2025

Daily FT

Daily FT

HNB General Insurance wins Gold award in Insurance Sector at National Management Excellence Awards 2025

HNB General Insurance has been crowned the Gold Winner in the Insurance Sector at the National Management Excellence Awards (NMEA) 2025, organised by the Institute of Management of Sri Lanka (IMSL).

time to read

2 mins

December 19, 2025

Daily FT

Sampath Bank announces two-year Rs. 20 b capital raising program

SAMPATH Bank PLC has moved to strengthen its Basel III Tier Il regulatory capital through a proposed Rs. 20 billion listed debenture program, to be implemented in phases over the next two years.

time to read

1 min

December 19, 2025

Daily FT

Daily FT

Evolution Auto launches Riddara RD6 Active

Auto has officially announced the launch of the Riddara RD6 Active, the country's latest all-electric double-cab pickup, which was unveiled at the prestigious BMICH Motor Show.

time to read

2 mins

December 19, 2025

Daily FT

Daily FT

Tourism levy revenue rises as Govt. pushes unified nation brand and community-centred growth

Tourism Minister Vijitha Herath SRI Lanka's tourism sector is being steered towards a more integrated, communityfocused, and strategically branded future, with revenues from the Tourism Development Levy (TDL) continuing to rise and a renewed policy emphasis on positioning the country under a single national brand, Foreign Affairs, Foreign Employment and Tourism Minister Vijitha Herath told Parliament.

time to read

3 mins

December 19, 2025

Daily FT

Daily FT

Colombo Shopping Festival 40th edition officially inaugurated

THE 40th edition of Colombo Shopping Festival was has inaugurated by, Aitken Spence Travels Managing Director Nalin Jayasundera with the participation of event partners and exhibitors.

time to read

1 min

December 19, 2025

Daily FT

Daily FT

HNB strengthens national response to Cyclone Ditwah with Rs. 100 m commitment

HNB PLC has contributed Rs. 100 million towards the Rebuilding Sri Lanka Fund, reinforcing its commitment to national recovery efforts following the devastation caused by Cyclone Ditwah.

time to read

1 min

December 19, 2025

Daily FT

Daily FT

Economist warns IMF RFI too costly for Sri Lanka

Verité Research Chief warns Sri Lanka poised to repeat past mistakes amid cyclone recovery funding push Argues IMF RFI financing effective rate exceeds 6% and time-based surcharges add further 2.75% after three years IMF Executive Board decides on $ 200 m RFI today

time to read

3 mins

December 19, 2025

Daily FT

Daily FT

Appeals Court clears Home LandsPentara project to proceed

Court refuses injunctions with costs, Home Lands continues with Rs. 30-35 b Pentara Residences construction Notes that Home Lands had obtained all necessary approvals from relevant authorities, and engaged in the construction process for several months Project is largest residential development investment, and Rs. 4.5 b land transaction highest in history of Colombo

time to read

3 mins

December 19, 2025

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