Thursday, 17 August 2023 07:26

China to assist Sri Lanka address challenges of massive debt Featured

Wang Yi, director of the Office of the Foreign Affairs Commission of the Communist Party of China (CPC) Central Committee, vowed that China will help Sri Lanka effectively address the challenges of financial debt on Wednesday.

Wang, also a member of the Political Bureau of the CPC Central Committee, made the remarks during a meeting with Sri Lankan Prime Minister Dinesh Gunawardena at the sidelines of the seventh China-South Asian Expo in Kunming, southwest China's Yunnan Province.

China is always Sri Lanka's reliable strategic partner and appreciates that Sri Lanka has always been friendly to China and has stood by China on issues related to its core interests, he said.

China also firmly supports Sri Lanka in safeguarding its sovereign independence and national dignity, and is willing to strengthen exchanges of experience in governance as well as cooperation in various fields with Sri Lanka, he said.

Wang vowed that China will help Sri Lanka improve its capacity for independent development, get rid of the "poverty trap" and the "trap of non-development," accelerate its industrialization process and agricultural modernization.

 

 

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