• Latest
  • Trending
China says it will help ease Sri Lanka’s debt burden

China says it will help ease Sri Lanka’s debt burden

June 11, 2022
Central Bank of Sri Lanka

Steps taken to prevent US Dollar from overshooting – The Central Bank of Sri Lanka

June 29, 2022
Australia tour of Sri Lanka 2022

WATCH: 1st Test – Day 1 | Australia tour of Sri Lanka 2022

June 29, 2022
dollar

Dollar falters as US yields retreat amid recession risks

June 29, 2022
Kamal Haasan's Vikram is on a rampage.

Kamal Haasan’s Vikram is the highest-grossing film in Singapore, UK and UAE

June 29, 2022
PM Narendra Modi conveyed his personal condolences on the passing away of Sheikh Khalifa bin Zayed Al Nahyan last month to President Sheikh Mohamed bin Zayed Al Nahyan. (Photo: Twitter/@MEAIndia)

PM Modi meets UAE President Sheikh Mohamed in Abu Dhabi

June 29, 2022
Mukesh Ambani

Mukesh Ambani steps down as director of Reliance Jio

June 29, 2022
Bus

Bus fares increased from July in Sri Lanka

June 29, 2022
Electricity

Power cut schedule for June 29 in Sri Lanka

June 29, 2022
Fuel. Image credits - Wassim Chouak / Unsplash

Lanka IOC dispatches fuel for 82 sheds

June 28, 2022
Fuel. Image credits - Wassim Chouak / Unsplash

Lanka IOC restricts sale of Petrol: Limits announced

June 28, 2022
People play rugby at Bondi Beach in Sydney, Australia. [Loren Elliott/ Reuters]

Australia census: Five ways the country is changing

June 28, 2022
Sri Lanka to open fuel import, retail sales market to foreign companies

Sri Lanka to open fuel import, retail sales market to foreign companies

June 28, 2022
  • About Us
  • Advertisements
  • Privacy Policy
  • Contact
Wednesday, June 29, 2022
No Result
View All Result
NewsIn.Asia
  • Home
  • Around South Asia
    • All
    • Afghanistan
    • Bangladesh
    • Bhutan
    • China
    • India
    • Maldives
    • Myanmar
    • Nepal
    • Pakistan
    • Sri Lanka
    Central Bank of Sri Lanka

    Steps taken to prevent US Dollar from overshooting – The Central Bank of Sri Lanka

    Australia tour of Sri Lanka 2022

    WATCH: 1st Test – Day 1 | Australia tour of Sri Lanka 2022

    Kamal Haasan's Vikram is on a rampage.

    Kamal Haasan’s Vikram is the highest-grossing film in Singapore, UK and UAE

    PM Narendra Modi conveyed his personal condolences on the passing away of Sheikh Khalifa bin Zayed Al Nahyan last month to President Sheikh Mohamed bin Zayed Al Nahyan. (Photo: Twitter/@MEAIndia)

    PM Modi meets UAE President Sheikh Mohamed in Abu Dhabi

    Mukesh Ambani

    Mukesh Ambani steps down as director of Reliance Jio

    Bus

    Bus fares increased from July in Sri Lanka

    Electricity

    Power cut schedule for June 29 in Sri Lanka

    Fuel. Image credits - Wassim Chouak / Unsplash

    Lanka IOC dispatches fuel for 82 sheds

    Fuel. Image credits - Wassim Chouak / Unsplash

    Lanka IOC restricts sale of Petrol: Limits announced

  • World
    • All
    • Japan
    • Russia
    • United Kingdom
    • United States
    dollar

    Dollar falters as US yields retreat amid recession risks

    PM Narendra Modi conveyed his personal condolences on the passing away of Sheikh Khalifa bin Zayed Al Nahyan last month to President Sheikh Mohamed bin Zayed Al Nahyan. (Photo: Twitter/@MEAIndia)

    PM Modi meets UAE President Sheikh Mohamed in Abu Dhabi

    Mukesh Ambani

    Mukesh Ambani steps down as director of Reliance Jio

    People play rugby at Bondi Beach in Sydney, Australia. [Loren Elliott/ Reuters]

    Australia census: Five ways the country is changing

    Monkeypox case count rises to more than 3,400 globally: WHO

    Monkeypox case count rises to more than 3,400 globally: WHO

    Russia default

    Russia defaults on foreign debt for first time in a century

    President Joe Biden has told his officials to extend all help to Sri Lanka

    President Joe Biden has told his officials to extend all help to Sri Lanka

    Is Nepal’s geo-strategic location a bane or a boon?

    Is Nepal’s geo-strategic location a bane or a boon?

    Money

    Here’s how you can become rich by doing nothing

  • Business
  • Politics
  • Sports
  • Entertainment
    • All
    • Books
    • Gaming
    • Movie
    • Music
    • Series
    Kamal Haasan's Vikram is on a rampage.

    Kamal Haasan’s Vikram is the highest-grossing film in Singapore, UK and UAE

    Harry Potter and the Philosopher's Stone

    ‘Harry Potter and the Philosopher’s Stone’ celebrates 25 magical years

    Salman Khan

    Plot to kill Bollywood actor Salman Khan revealed

    Shah Rukh Khan's Jawaan, to be directed by Atlee, to scheduled for June 2023 release. (Photo: Twitter)

    Shah Rukh Khan announces new film ‘Jawaan’

    Chchutir diner Gaan by Bangladeshi singer Nondita

    Chchutir diner Gaan by Bangladeshi singer Nondita

    Song “Bechain Nazar Betaab Jigar”. Talat Mahmood. Film “Yasmin” 1955

    Song “Bechain Nazar Betaab Jigar”. Talat Mahmood. Film “Yasmin” 1955

    ‘KGF Chapter 2’

    ‘KGF Chapter 2’ becomes 3rd-highest-grossing Hindi film

    Popular Bollywood stars Ranbir Kapoor and Alia Bhatt were married Thursday in a private ceremony at their Mumbai residence. Image credits - Sujit Jaswal via AFP / Getty Images

    Bollywood stars Ranbir Kapoor and Alia Bhatt marry in Mumbai

    Lata Mangeshkar: Ae Chand Pyara. Film Khazaana 1951. Music C.Ramchandra. Lyrics Rajinder Krishan

    Lata Mangeshkar: Ae Chand Pyara. Film Khazaana 1951. Music C.Ramchandra. Lyrics Rajinder Krishan

  • Lifestyle
    • All
    • Fashion
    • Food
    • Health
    • Science
    • Travel
    This April 2022 handout photograph provided by RR Auction shows cockroaches which were fed moon dust from the 1969 Apollo 11 mission, which were pulled from an auction listing after NASA said the cockroaches and a small vial of moon dust are property of the federal government. (Photo: AP)

    Give us back our moon dust and cockroaches: Nasa

    Moon. Image credits - Ganapathy Kumar / Unsplash

    China finds signs of water in moon’s ‘Ocean of Storms’

    What we should know when we speak of food security?

    What we should know when we speak of food security?

    Beetroot is rich in nitrates and is loaded with health benefits. (Photo: Getty Images)

    Drinking beetroot juice daily could help people with heart condition

    Close-up view of a cancer cell. Credit: Alexey Kotelnikov / Alamy Stock Photo

    Massive breakthrough as cancer vanishes for all patients in drug trial

    India hands over 3.3 tons of medical supplies to Lanka’s ambulance service

    India hands over 3.3 tons of medical supplies to Lanka’s ambulance service

    Lankan Prez orders LKR 1.8 billion (US$ 5 million) to be spent on drugs import  

    Lankan Prez orders LKR 1.8 billion (US$ 5 million) to be spent on drugs import  

    In this 1971 Center For Disease Control handout photo, monkeypox-like lesions are shown on the arm and leg of a female child in Bondua, Liberia. CDC | Getty Images

    The Covid conspiracies being recycled for monkeypox

    Exercise. Image credits - Victor Freitas @victorfreitas / Unsplash

    Best exercise time differs for men and women, says US study

    High life in troubled Colombo  

    High life in troubled Colombo  

    Trending Tags

    • Golden Globes
    • Mr. Robot
    • MotoGP 2017
    • Climate Change
    • Flat Earth
  • Tech
    Bitcoin. Image credits - Onov3056

    Bitcoin slides below $20,000 to lowest level in 18 months

    Digital banking platform Revolut launches in Sri Lanka

    Digital banking platform Revolut launches in Sri Lanka

    Microsoft's Internet Explorer was first included with a Windows 95 upgrade pack. Image credits - Ina Fried/CNET

    End of an era: Microsoft retires Internet Explorer

    Cryptocurrency boom. Image credits - Executium @executium / Unsplash

    Cryptocurrency market value slumps under $1 trillion

    iPhone. Image credits - Tron Le @tronle_sg / Unsplash

    EU deal to force iPhones to use USB-C charger by 2024

    Whatsapp. Image credits - AARN GIRI / Unsplash

    WhatsApp to get edit button, undo messages and other features soon 

    Trending Tags

    • Sillicon Valley
    • Climate Change
    • Election Results
    • Flat Earth
    • Golden Globes
    • MotoGP 2017
    • Mr. Robot
  • Coronavirus
  • Videos
  • Home
  • Around South Asia
    • All
    • Afghanistan
    • Bangladesh
    • Bhutan
    • China
    • India
    • Maldives
    • Myanmar
    • Nepal
    • Pakistan
    • Sri Lanka
    Central Bank of Sri Lanka

    Steps taken to prevent US Dollar from overshooting – The Central Bank of Sri Lanka

    Australia tour of Sri Lanka 2022

    WATCH: 1st Test – Day 1 | Australia tour of Sri Lanka 2022

    Kamal Haasan's Vikram is on a rampage.

    Kamal Haasan’s Vikram is the highest-grossing film in Singapore, UK and UAE

    PM Narendra Modi conveyed his personal condolences on the passing away of Sheikh Khalifa bin Zayed Al Nahyan last month to President Sheikh Mohamed bin Zayed Al Nahyan. (Photo: Twitter/@MEAIndia)

    PM Modi meets UAE President Sheikh Mohamed in Abu Dhabi

    Mukesh Ambani

    Mukesh Ambani steps down as director of Reliance Jio

    Bus

    Bus fares increased from July in Sri Lanka

    Electricity

    Power cut schedule for June 29 in Sri Lanka

    Fuel. Image credits - Wassim Chouak / Unsplash

    Lanka IOC dispatches fuel for 82 sheds

    Fuel. Image credits - Wassim Chouak / Unsplash

    Lanka IOC restricts sale of Petrol: Limits announced

  • World
    • All
    • Japan
    • Russia
    • United Kingdom
    • United States
    dollar

    Dollar falters as US yields retreat amid recession risks

    PM Narendra Modi conveyed his personal condolences on the passing away of Sheikh Khalifa bin Zayed Al Nahyan last month to President Sheikh Mohamed bin Zayed Al Nahyan. (Photo: Twitter/@MEAIndia)

    PM Modi meets UAE President Sheikh Mohamed in Abu Dhabi

    Mukesh Ambani

    Mukesh Ambani steps down as director of Reliance Jio

    People play rugby at Bondi Beach in Sydney, Australia. [Loren Elliott/ Reuters]

    Australia census: Five ways the country is changing

    Monkeypox case count rises to more than 3,400 globally: WHO

    Monkeypox case count rises to more than 3,400 globally: WHO

    Russia default

    Russia defaults on foreign debt for first time in a century

    President Joe Biden has told his officials to extend all help to Sri Lanka

    President Joe Biden has told his officials to extend all help to Sri Lanka

    Is Nepal’s geo-strategic location a bane or a boon?

    Is Nepal’s geo-strategic location a bane or a boon?

    Money

    Here’s how you can become rich by doing nothing

  • Business
  • Politics
  • Sports
  • Entertainment
    • All
    • Books
    • Gaming
    • Movie
    • Music
    • Series
    Kamal Haasan's Vikram is on a rampage.

    Kamal Haasan’s Vikram is the highest-grossing film in Singapore, UK and UAE

    Harry Potter and the Philosopher's Stone

    ‘Harry Potter and the Philosopher’s Stone’ celebrates 25 magical years

    Salman Khan

    Plot to kill Bollywood actor Salman Khan revealed

    Shah Rukh Khan's Jawaan, to be directed by Atlee, to scheduled for June 2023 release. (Photo: Twitter)

    Shah Rukh Khan announces new film ‘Jawaan’

    Chchutir diner Gaan by Bangladeshi singer Nondita

    Chchutir diner Gaan by Bangladeshi singer Nondita

    Song “Bechain Nazar Betaab Jigar”. Talat Mahmood. Film “Yasmin” 1955

    Song “Bechain Nazar Betaab Jigar”. Talat Mahmood. Film “Yasmin” 1955

    ‘KGF Chapter 2’

    ‘KGF Chapter 2’ becomes 3rd-highest-grossing Hindi film

    Popular Bollywood stars Ranbir Kapoor and Alia Bhatt were married Thursday in a private ceremony at their Mumbai residence. Image credits - Sujit Jaswal via AFP / Getty Images

    Bollywood stars Ranbir Kapoor and Alia Bhatt marry in Mumbai

    Lata Mangeshkar: Ae Chand Pyara. Film Khazaana 1951. Music C.Ramchandra. Lyrics Rajinder Krishan

    Lata Mangeshkar: Ae Chand Pyara. Film Khazaana 1951. Music C.Ramchandra. Lyrics Rajinder Krishan

  • Lifestyle
    • All
    • Fashion
    • Food
    • Health
    • Science
    • Travel
    This April 2022 handout photograph provided by RR Auction shows cockroaches which were fed moon dust from the 1969 Apollo 11 mission, which were pulled from an auction listing after NASA said the cockroaches and a small vial of moon dust are property of the federal government. (Photo: AP)

    Give us back our moon dust and cockroaches: Nasa

    Moon. Image credits - Ganapathy Kumar / Unsplash

    China finds signs of water in moon’s ‘Ocean of Storms’

    What we should know when we speak of food security?

    What we should know when we speak of food security?

    Beetroot is rich in nitrates and is loaded with health benefits. (Photo: Getty Images)

    Drinking beetroot juice daily could help people with heart condition

    Close-up view of a cancer cell. Credit: Alexey Kotelnikov / Alamy Stock Photo

    Massive breakthrough as cancer vanishes for all patients in drug trial

    India hands over 3.3 tons of medical supplies to Lanka’s ambulance service

    India hands over 3.3 tons of medical supplies to Lanka’s ambulance service

    Lankan Prez orders LKR 1.8 billion (US$ 5 million) to be spent on drugs import  

    Lankan Prez orders LKR 1.8 billion (US$ 5 million) to be spent on drugs import  

    In this 1971 Center For Disease Control handout photo, monkeypox-like lesions are shown on the arm and leg of a female child in Bondua, Liberia. CDC | Getty Images

    The Covid conspiracies being recycled for monkeypox

    Exercise. Image credits - Victor Freitas @victorfreitas / Unsplash

    Best exercise time differs for men and women, says US study

    High life in troubled Colombo  

    High life in troubled Colombo  

    Trending Tags

    • Golden Globes
    • Mr. Robot
    • MotoGP 2017
    • Climate Change
    • Flat Earth
  • Tech
    Bitcoin. Image credits - Onov3056

    Bitcoin slides below $20,000 to lowest level in 18 months

    Digital banking platform Revolut launches in Sri Lanka

    Digital banking platform Revolut launches in Sri Lanka

    Microsoft's Internet Explorer was first included with a Windows 95 upgrade pack. Image credits - Ina Fried/CNET

    End of an era: Microsoft retires Internet Explorer

    Cryptocurrency boom. Image credits - Executium @executium / Unsplash

    Cryptocurrency market value slumps under $1 trillion

    iPhone. Image credits - Tron Le @tronle_sg / Unsplash

    EU deal to force iPhones to use USB-C charger by 2024

    Whatsapp. Image credits - AARN GIRI / Unsplash

    WhatsApp to get edit button, undo messages and other features soon 

    Trending Tags

    • Sillicon Valley
    • Climate Change
    • Election Results
    • Flat Earth
    • Golden Globes
    • MotoGP 2017
    • Mr. Robot
  • Coronavirus
  • Videos
NewsIn.Asia
No Result
View All Result
Home Around South Asia China

China says it will help ease Sri Lanka’s debt burden

Editor by Editor
June 11, 2022
in China, Diplomacy, Economy, Sri Lanka, Uncategorized
Reading Time: 4 mins read
11 0
A A
China says it will help ease Sri Lanka’s debt burden

Liu Jinsong

Share on WhatsApp

Colombo, June 11 (newsin.asia): In the context of some dismay that China is not pitching in sufficiently to help Sri Lanka come out of the economic crisis which is marked by an unprecedented shortage of essentials, a top Chinese Foreign Ministry official told the Sri Lankan Ambassador in Beijing, that China will help ease Sri Lanka’s debt burden. But he hoped that Sri Lanka will follow an independent policy as it did when the landmark Rubber-Rice pact was signed in the early 1950s in the face of (Western) opposition.   

The website of the Chinese Ministry of Foreign Affairs said on Saturday that on June 9, the Director-General of the Department of Asian Affairs in the Foreign Ministry, Liu Jinsong, met Ambassador of Sri Lanka to China Dr. Palitha Kohona. “The two sides had a candid and in-depth exchange of views on Sri Lanka’s economic and financial debt issues,” the Chinese Foreign Ministry website said.  

Liu Jinsong said that 70 years ago, China and Sri Lanka upheld the spirit of independence, braved external pressure and reached the Rubber-Rice Pact on the basis of equal consultation and mutual benefits, breaking the Western ideological barriers and sanctions, opening the door to friendly exchanges and also setting an example of mutually beneficial cooperation between different types of countries.

ADVERTISEMENT

Liu quoted the Buddhist Sigalovada Sutta which said: “True friends are the ones who stand by you when you need them” and pointed out that   China and Sri Lanka have always been such friends.

“China is ready to work with Sri Lanka to draw wisdom from the 65th anniversary of the establishment of diplomatic ties between the two countries, carry forward the spirit of the Rubber-Rice Pact characterized by “independence, self-reliance, unity and mutual support”, jointly advance high-quality Belt and Road cooperation, implement the Global Development Initiative and Global Security Initiative, and create a better future for the two countries and peoples, Liu said.

On Sri Lanka’s problem of debt servicing, the Chinese official said: “The reasons for Sri Lanka and other developing countries to fall into debt difficulties are very complex. One of the backgrounds is that certain developed countries have long implemented quantitative easing policies, irresponsibly unleashing a deluge of strong stimulus policies, and recently raised interest rates and shrunk the balance sheet abruptly, leading to drastic changes in the international financial environment, with developing countries particularly impacted.”

“Some countries imposed unilateral sanctions and tariff barriers and built various small cliques, which have undermined the security of global supply and industrial chains, and fueled the soaring prices of energy, food and other commodities, worsening the economic and financial situations of developing countries including Sri Lanka”

Liu further said: “China fully relates to the current difficulties faced by Sri Lanka and always provides assistance within its capacity. China immediately provided 500 million yuan of emergency humanitarian assistance to Sri Lanka. The first batch of materials arrived on June 3. China’s local governments and enterprises as well as the Red Cross Society of China have all lent a helping hand to the Sri Lankan people by providing them with diversified aids in multiple batches that improve people’s lives. The Buddhist Association of China and temples in different places voluntarily raised funds for the Sri Lankan people, and teachers and students from Caihe No. 3 Primary School in Hangzhou also sent love to children from low-income families in Sri Lanka thousands of miles away.”

“China is ready to continue to work with Sri Lanka to jointly tackle risks and challenges and help Sri Lanka overcome the current difficulties, ease the debt burden and realize sustainable development. China believes that the wise and tenacious Sri Lankan people will stick to the independent domestic and foreign policies, and overcome difficulties together with confidence and in solidarity.”

In his comment Seri Lankan Ambassador Palitha Kohona said: “Sri Lanka has always pursued an independent and non-aligned foreign policy and opposed power politics and bloc confrontation. China-Sri Lanka friendship enjoys a time-honored history. China has provided full support and assistance in many important periods of Sri Lanka’s national development and is a reliable strategic partner of Sri Lanka. China’s Belt and Road Initiative and Chinese-funded projects have made important contributions to Sri Lanka’s economic development.”

“Sri Lanka thanks China for mobilizing all resources possible to provide emergency humanitarian assistance at the most difficult time in Sri Lanka, and hopes to continue to work with Chinese friends to tide over the difficulties.

“After the meeting, Ambassador Kohona presented to Director-General Liu Jinsong a sample commemorative album for the 65th anniversary of the establishment of diplomatic ties between Sri Lanka and China produced by the Embassy of Sri Lanka in China.”

END

Tags: Sri Lanka

Related Posts

Central Bank of Sri Lanka
Around South Asia

Steps taken to prevent US Dollar from overshooting – The Central Bank of Sri Lanka

June 29, 2022
Australia tour of Sri Lanka 2022
Around South Asia

WATCH: 1st Test – Day 1 | Australia tour of Sri Lanka 2022

June 29, 2022
dollar
Around The World

Dollar falters as US yields retreat amid recession risks

June 29, 2022
Bus
Around South Asia

Bus fares increased from July in Sri Lanka

June 29, 2022
Fuel. Image credits - Wassim Chouak / Unsplash
Around South Asia

Lanka IOC dispatches fuel for 82 sheds

June 28, 2022
Fuel. Image credits - Wassim Chouak / Unsplash
Around South Asia

Lanka IOC restricts sale of Petrol: Limits announced

June 28, 2022
  • Electricity

    Power cut schedule for June 29 in Sri Lanka

    43694 shares
    Share 17493 Tweet 10917
  • Foreign Exchange Rates from Central Bank of Sri Lanka; USD, GBP, EUR, SGD, CAD

    1180 shares
    Share 479 Tweet 292
  • WATCH : Yohani’s first live performance in India

    784 shares
    Share 326 Tweet 191
  • Power interruption schedule released: Check your area power cut time

    736 shares
    Share 314 Tweet 176
  • Leader of Bohra community meets President

    668 shares
    Share 271 Tweet 165
  • About Us
  • Advertisements
  • Privacy Policy
  • Contact

© 2022 All rights reserved.

No Result
View All Result
  • Home
  • Around South Asia
    • Afghanistan
    • Bangladesh
    • Bhutan
    • China
    • India
    • Maldives
    • Myanmar
    • Nepal
    • Pakistan
    • Sri Lanka
  • Around The World
  • Breaking News
  • Business
    • Exchange
  • Climate Change
  • Governance
    • Crime
    • Diplomacy
    • Defense
    • Human Rights
    • Politics
    • Strategic Affairs
  • Lifestyle
    • Books
    • Entertainment
      • Arts
      • Cinema
      • Gaming
      • Music
      • Movie
      • Series
      • TV
    • Health
    • Fashion
    • Food
    • Travel
  • Culture
    • Ethnicity
    • Gender
  • Development news
  • Economy
  • Education
  • Environment
  • Coronavirus
  • History
  • National
  • Offbeat
    • Media
    • Music and arts across South Asia
  • Recommended
    • Headlines
    • Highlights
    • Top Picture
    • Top Story
  • Religion
  • Science
  • Sports
    • Football
    • Cricket
      • LPL
      • IPL
    • Tennis
    • Formula 1
    • NBA
  • Tech
    • Instagram
  • United Nations
  • Weather
  • World
    • Japan
    • Russia
    • United States
  • Videos

© 2022 All rights reserved.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

mersin eskort -

Meritroyalbet

-
Jojobet
- Süperbetin - eskisehir escort -

https://www.vudols.com/

- Sağlık Personeli - istanbul avukat