China will invest $5 billion says Ranil

by Sivakami
Jan 8, 2017

The Sri Lankan prime minister, Ranil Wickremesinghe announced on Saturday that China would be investing US $5 billion into the country over the next 2-3 years. 

“I would like to thank the Chinese Ambassador for confirming this investment," Mr Wickremesinghe was quoted by the Daily Mirror as saying. 

He added that the investment would "boost employment opportunities and enhance the life style of people."

"China-Sri Lanka bilateral relations were a role model for all bilateral relations in the world," said Mr Wickremesinghe. 

The announcement came as protests broke out over plans to lease 15,000 acres of land in Hambantota to a Chinese company. 

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