As Sri Lankan President Dissanayake meets Xi Jinping in Beijing, a look at China’s economic grip on Sri Lanka’s economic sovereignty, and the goodwill that India has shown towards its southern neighbo

Sri Lanka’s Marxist-leaning President Anura Kumara Dissanayake has held talks with Chinese leader Xi Jinping, one month after visiting India on his first overseas trip since winning election in September.

China has pledged a significant investment of USD 3.7 billion to construct a state-of-the-art oil refinery in Sri Lanka, marking the largest foreign investment in the country. The announcement came during Sri Lankan President Anura Kumara Dissanayake's visit to China,

Sri Lankan President Anura Kumara Dissanayake will embark on a three-day visit to China starting today at the invitation of President Xi Jinping. Here’s a quick look at what’s on the agenda

BEIJING/COLOMBO: Sri Lankan President Anura Kumara Dissanayake arrived here on Tuesday on a four-day visit during which he is scheduled to hold talks with his Chinese counterpart Xi Jinping and other Chinese leaders on deepening bilateral ties.

Dissanayake incidentally was a critic of the Hambantota port deal for its long-term lease while he was in the opposition.It was seen as a balancing act as last year India and Sri Lanka inked a deal to jointly develop 85 Word War II-era oil storage tanks at the strategic Trincomalee port in the eastern region of the country.

China has offered to invest USD 3.7 billion in Sri Lanka, stated to be the biggest-ever foreign investment in the island nation, to build a state-of-the-art oil refinery as the two countries signed a new plan to upgrade BRI cooperation during Sri Lankan President Anura Kumara Dissanayake's state visit here.

China and Sri Lanka have agreed on more investment and economic cooperation, after China's President Xi Jinping met recently elected Sri Lankan President Anura Kumara Dissanayake in Beijing on Wednesday.