China–Sri Lanka relations
Sri Lanka was among the first countries to recognize the People’s Republic of China. Sri Lanka’s relations with the People’s Republic of China became stronger; since then, the two countries have regularly exchanged high-level visits resulting in a variety of agreements. China has provided Economic, Military and Technical assistance to Sri Lanka.
China cooperation with Sri Lanka has reached high economic points with substantial investment from China in Sri Lankan infrastructural expansion, including the noted project in the Sri Lankan port in Hambantota. China and Sri Lanka also share a close military relation, with China supplying a range of modern armaments to the Sri Lanka Armed Forces.
Sri Lanka has an enduring, multi-dimensional and deep-rooted relationship with China. The long-standing ties of friendship between the two countries are underpinned by mutual trust and confidence. A close identity of views and mutuality of interest remain the hallmark of bilateral ties.
The Chinese leadership has always appreciated Sri Lanka’s steadfast support on issues of their concern. China has always supported Sri Lanka on all issues of importance to the latter, The Sri Lankan leadership has always appreciated China’s steadfast support on issues of their concern.
China Sri Lanka Investment promotion agreement signed in 2007. Chinese company’s investing in special economic zones in Sri Lanka.
China’s most popular Huawei Technologies heavily invested in Sri Lanka & all Sri Lankan Telecom company’s has agreements with Huawei Technologies.
China Sri Lanka Tourism promotion agreement signed in 2007. Chinese tourist arrivals in Sri Lanka increased year to year.
China is the largest trading partner of Sri Lanka within the Asian region.
Sri Lanka offered oil exploration block to china. China National Petroleum Corporation (CNPC) expected begun oil exploration work in Sri Lanka.China constructing two 500 MW thermal power plants and a highway in Sri Lanka.
China offered technical assistants to modernize Sri Lanka Railways. Sri Lanka Railway modernizing work begun & China will provide latest railway engines & power sets.
China Sri Lanka Development project – The Hambantota Development Zone, which the China will help build, will include an International Container port, a bunkering system, an oil refinery, an International Airport and other facilities. It is expected to cost about US$1 billion and the China are said to be financing more than 85% of the project. Construction on the first phase of the project is begun and is due to be completed in three years. The entire project is scheduled to be completed in the next 10 years. China Sri Lanka Cooperation on the project in Hambantota, 240 kilometers South of the Sri Lanka capital, Colombo, into a major transshipment hub. Hambantota Infrastructure will help service hundreds of ships that ply the waters to the south of Sri Lanka.
In August 2013, China opened the Colombo International Container Terminal (CTCT), a $500 million port 85% owned by a Chinese merchant company to serve as a hub between Singapore and Dubai
China has been a steady source of military equipment supplier to Sri Lanka and has cooperated with Sri Lanka to modernize and expand the Sri Lanka Armed Forces.
China exports ammunition, anti-tank guided missiles, Rocket launchers and shoulder-fired surface-to-air missiles. Deep penetration bombs and rockets, mortar ammunition. Night vision devices, artillery armor mortars, security equipment, tanks, jets, naval vessels, radars, communication equipment to Sri Lanka.
- Amal Jayasinghe (August 4, 2013). "Sri Lanka eyes South Asian hub with Chinese mega port". Fox News. Retrieved 2 August 2013.