COLOMBO — The Chinese Ambassador to Sri Lanka Yi Xianliang has assured Sri Lanka that China’s economy remains stable and still has a huge potential. He said that despite the economy facing a downward trend it is still within the required range and management and that the driving force for the downward trend is the global economy.

“Sri Lankan friends also questioned, has Chinese economy faced crisis? Will it head for a hard landing? Responsibly speaking, Yi stressed that the fundamentals of the Chinese economy remain stable with huge potential,” the Chinese Embassy in Colombo said.

The Embassy quoted the Ambassador as saying that that China’s economic opportunities outweigh its challenges. He recalled that China achieved 7% of growth of its economy and contributed about 30% for growth of the world economy. The Ambassador also noted that last month, tourist arrivals from China to Sri Lanka reach 24,734 with an increase of 73.3%, which is an example that Chinese people are optimistic about Chinese economic development.

“The debt of Chinese central government takes only 20% of its GDP while the number reaches 88% for Sri Lanka and 103% for US, showing that Chinese economy is healthy and sustainable,” he said.

Ambassador Yi said that China would like to assist and cooperate with Sri Lanka in economic development including maritime economy of which there should be great potential.

In the past 10 years, China has trained over 10,000 Sri Lankans in the fields of science, management, culture and technology. In the first half of year 2015, the Chinese Embassy said, more than 1,000 Sri Lankans were granted opportunity for training or study in China under the sponsorship of the Chinese government.- Courtesy Colombi Gazette