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Tuesday, 9 August 2011

Sri Lankan President visits China

Sri Lanka's President Mahinda Rajapaksa on Tuesday started a four-day state visit to China, deeper economic ties on his agenda.

China was Sri Lanka's largest lender in 2009 and 2010, giving $1.2 billion and $821 million respectively. In 2009, that figure accounted for 54 percent of total foreign loans, and 25 percent in 2010. In the first six months of 2011, trade between China and Sri Lanka was worth $1.28 billion, a rise of 39.5 percent on the same period in 2010, according to Chinese customs data.

China's imports from Sri Lanka in the first six months of 2011 were worth $68 million.

See more : Reuters 09 August 2011

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