Bangladesh now has a blue water navy with two Chinese submarines

Bangladesh now has a blue water navy with two Chinese submarines

Dhaka, November 18 (The Daily Star): In order to further intensify surveillance in the Bay and enhance the force's combat capability, the Bangladesh Navy has added two Chinese-built submarines to its fleet for the first time in its history. “With the inclusion of the submarines Bangladesh Navy has started its journey as a three dimensional force,” Chief of Naval Staff...

China blames “outside forces” and domestic political considerations for suspension of projects in Sri Lanka

China blames “outside forces” and domestic political considerations for suspension of projects in Sri Lanka

Colombo, November 11 (The New Indian Express): China’s Ambassador in Sri Lanka, Yi Xianliang, says that outside forces and domestic political considerations may have brought about the temporary suspension of China-funded and executed projects in Sri Lanka when the Sirisena-Wickremesinghe government came into being in 2015. Speaking to Bandula Jayasekara in Maharaja TV’s morning program Pethikada on Friday, Ambassador Yi...

Colombo is the world’s 4 th. fastest growing tourist destination in Mastercard’s most popular Asian destination list

Sri Lanka to grow 6.3 percent in 2017, helped by Chinese investments

Colombo, Nov 10 (NIA) - Sri Lanka's economic growth is likely to increase from 5.5 percent in 2016 to 6.3 percent in 2017, helped by a growth in tourism, information technology, logistics and Chinese investments, the Central Bank said on Thursday. Releasing its half yearly publication, ‘Recent Economic Developments: Highlights of 2016 and Prospects for 2017’, the Central Bank said...

No paradise for the dragon: Rift between Sri Lanka and China appears to be widening

No paradise for the dragon: Rift between Sri Lanka and China appears to be widening

P.K.Balachandran/The New Indian Express Colombo, November 5: Sri Lanka’s political folklore, no two countries can be friendlier than China and Sri Lanka. Indeed, for six decades from 1952 to 2014, Sino-Lankan relations could not have been warmer. But in the last two years, the two countries have drifted apart, with hot words being exchanged between Chinese Ambassador Yi Xianliang and...

Indian and Chinese National Security Advisers meet in Hyderabad to iron out differences

Indian and Chinese National Security Advisers meet in Hyderabad to iron out differences

Hyderabad, November 4 (NIA): India’s National Security Advisor Ajit Doval on Friday met his Chinese counterpart, Yang Jiechi, here to discuss measures to improve bilateral ties currently strained by differences over a host of issues. The issues include Beijing’s blocking India's bid to join the Nuclear Suppliers’ Group (NSG) and India’s bid to secure a UN Security Council listing of...

Interest on Chinese loans to Sri Lanka are at an average of over 5 percent, says Sri Lankan Finance Minister

Colombo, November 4 (NIA): China has given loans to Sri Lanka at various rates of interest, ranging from 2 percent to 8 percent, which, on an average, works out to be in excess of 5 percent, Sri Lankan Finance Minister Ravi Karunanayake said Thursday evening. He was reacting to Chinese Ambassador Yi Xianliang’s contention at a press conference here, that...

Despite worsening relations, a Chinese economist argues for stepped up Chinese investment in India

Despite worsening relations, a Chinese economist argues for stepped up Chinese investment in India

Ge Cheng/Global Times The recently concluded eighth BRICS Summit in Goa has again thrust India into the spotlight, giving the world a breath of fresh air amid almost endless populist fights haunting the US and Europe. Since 2014, India's domestic reforms have come to fruition and its economic growth has been impressive, thanks to efforts by Indian Prime Minister Narendra...

Xi Jinping made “core leader” of the Chinese Communist Party in the line of Mao and Deng

Xi Jinping made “core leader” of the Chinese Communist Party in the line of Mao and Deng

Beijing ,October 27 (NIA): China’s ruling Communist party has declared that President Xi Jinping is the party’s “core”, putting him in a more powerful position ahead of a key congress next autumn, The Guardian reported on Thursday. A statement released by the party following a four-day meeting of party leaders in Beijing, and carried by state media, referred to Xi as...

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