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 alongside Russia defended Sri Lanka in the UN even using veto power.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. Sri Lanka is also a major partner for the Chinese String of Pearls with the Hambanthota port playing a major role in it. 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.
Chinese state owned firms are responsible several major mega-projects 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 Harbor Engineering Corporation is also constructing the Colombo Port City project planned offshore city in built on reclaimed land in Colombo with total area of 2.33 km2.
Chinese CEIEC and ALIT is constructing the Colombo Lotus Tower which is also funded by the EXIM Bank of Peoples' Republic of China.After completion it will become the tallest building in Sri Lanka and South Asia.
China also constructed the Nelum Pokuna Mahinda Rajapaksa Theatre in Sri Lanka. The Government of the People's Republic of China also provided LKR 2430 million out of the total cost of LKR 3080 million for the construction of the theater.It was the site of the opening ceremony of the Commonwealth Heads of Government Meeting in 2013.
China and Chinese firms are actively participating in development of Sri Lanaka's highways and expressways. The E03 expressway is built by MCC.Exim Bank of China funded US$248.2 million out of the total cost of US $292 million leaving the government of Sri Lanka to only spend US$45 million on the project. The MCC is also responsible for the of 9.2 km in third phase of the E02 expressway
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 the Sri Lankan military.China also trains Sri Lankan military personnel 
Sri Lanakn government and China National Aero Technology Import-Export Corporation is planning on creating an Aircraft Maintenance Centre however the location has not yet been decided but Katunayake, Mattala and Trincomalee are considered possible locations
Chinese Nuclear submarines have made several friendly visits to Sri Lanka in September and November 2014 despite the strong displeasure of India.
- Amal Jayasinghe (August 4, 2013). "Sri Lanka eyes South Asian hub with Chinese mega port". Fox News. Retrieved 2 August 2013.