China Moves Abroad Labor-intensive Industries through One Belt One Road


Hambantota deep water port

Sri Lanka’s Hambantota deep water port for China’s One Belt, One Road

Hambantota airport for China's One Belt, One Road

Hambantota airport for China’s One Belt, One Road

There will be quite a few advantages for Chinese President Xi Jinping’s Silk Road economic belt and 21-century maritime Silk Road (One Belt, One Road) initiative.

The most important is trade security by establishment of land trade route to Europe through Russia and Central Asia and safer maritime route through Indian Ocean with ports in Bangladesh, Sri Lanka and Pakistan.

The other also very important advantages include:
Finding an outlet for China’s overcapacity in its industries of construction, construction material, energy, transport, etc.;

Exploiting investment opportunities for China’s surplus capital; and

Moving China’s labor-intensive industries through development of infrastructures in the belt to the countries in the Belt where labor and other resources are much cheaper.

Reuters says in its report “Sri Lanka launches China-led investment zone amid protests” that the zone will create 100,000 jobs, which undoubtedly will mostly be jobs in labor-intensive enterprises moved from China.

According to Reuters, China’s port, airport and investment zone make “some countries, including India and the United States, nervous with Sri Lanka’s proximity to shipping lanes through which much of the world’s trade passes en route to China and Japan.

Those are trade passes to China and Japan not US or India, why shall they be nervous?

Anyway, we see from the developments Xi’s wisdom and vision. US president-elect Trump’s threat of a trade war may create difficulties for the export of China’s labor-intensive industrial goods, but Xi has taken a step earlier in building infrastructures abroad for China to move such industries to poor countries for export to the US. Xi has been subduing the US with his wise One Belt One Road strategy before the US starts the trade war.

The best way in military conflict is to subdue the enemy with strategy, the next, with diplomacy, the next, with fighting…                                                                                                                      Sun Tzu

Comment by Chan Kai Yee on Reuters’ report, full text of which can be found at http://www.reuters.com/article/us-sri-lanka-china-investment-idUSKBN14R0JG.


Sri Lanka to sell 80 percent of southern Hambantota port to Chinese firm


Sri Lankan traditional dancers perform as seawater gushes from pipes on the ground during the launch of Hambantota port in Hambantota, about 240km (149 miles) south of Colombo August 15, 2010. REUTERS/Dinuka Liyanawatte

Sri Lankan traditional dancers perform as seawater gushes from pipes on the ground during the launch of Hambantota port in Hambantota, about 240km (149 miles) south of Colombo August 15, 2010. REUTERS/Dinuka Liyanawatte

Sri Lanka will sell to a Chinese company 80 percent of a $1.5-billion port in its south, where China has also been offered an investment zone, in a bid to cut the country’s debt burden, Finance Minister Ravi Karunanayake said.

The move follows an offer made by Prime Minister Ranil Wickremesinghe during a visit to China in April, to swap equity in Sri Lankan infrastructure projects against some of the $8 billion in debt the Indian Ocean island owes to China.

The Hambantota port was built with the help of Chinese loans and contractors in 2010 under former leader Mahinda Rajapaksa, as part of efforts to boost development of infrastructure after the conclusion of a 26-year-long civil war in 2009.

But the port, and a nearby airport, also Chinese-financed, had been seen as a white elephant because it was not financially viable, the current government has said.

“For somebody like the Chinese, it is the silk route transit point,” Karunanayake told a meeting of the country’s Foreign Correspondents Association late on Thursday.

China’s interest in the port is seen as part of its ambitions to build a “Maritime Silk Route” to the oil-rich Middle East and onwards to Europe.

That makes some countries, including India and the United States, nervous, with Sri Lanka sitting near shipping lanes through which much of the world’s trade passes en route to China and Japan.

“The value will be more than $1 billion and the deal will be signed around the second week of November,” Karunanayake said, adding that a Chinese port operator would get 80 percent of the port stake. He declined to identify the company involved.

“The money from the deal will be used to repay expensive foreign loans,” Karunanayake said, adding that the government was also in final talks over a 15,000-acre (6,100-hectare) investment zone near the port.

The investment zone deal would be signed as “soon as possible”, Karunanayake said.

President Maithripala Sirisena suspended most of the Chinese infrastructure projects in Sri Lanka, including a $1.4-billion luxury property deal, allegedly because the proper procedure had not been followed, or costs had been inflated under his predecessor.

However, faced with a debt and balance-of-payments crisis, the new government eventually allowed all the projects to go ahead.

(Reporting by Shihar Aneez; Editing by Clarence Fernandez)

Source: Reuters “Sri Lanka to sell 80 percent of southern Hambantota port to Chinese firm”

Note: This is Reuters report I post here for readers’ information. It does not mean that I agree or disagree with the report’ views.


China, Sri Lanka keen to push Colombo port project: Chinese diplomat


A tipper truck unloads rocks as part of a process to reclaim the sea front next to an excavator at "Colombo Port City" construction site, backed by Chinese investment, is seen in Sri Lanka April 7, 2016. REUTERS/Dinuka Liyanawatte

A tipper truck unloads rocks as part of a process to reclaim the sea front next to an excavator at “Colombo Port City” construction site, backed by Chinese investment, is seen in Sri Lanka April 7, 2016. REUTERS/Dinuka Liyanawatte

Due to US and Indian influence, in 2015, the newly-elected Sri Lankan president put on hold the Colombo port project that his predecessor awarded to a Chinese company, but now due to the country’s economic difficulties and the lack of alternative from India or the US, the Chinese company has been told to resume construction of the project.

It proves that verbal strength has to be supported by financial strength.

Comments by Chan Kai Yee on Reuters report titled “China, Sri Lanka keen to push Colombo port project: Chinese diplomat”, full text of which can be viewed at http://www.reuters.com/article/us-china-sri-lanka-idUSKCN0X41SH.


China’s Major Success in Its Maritime Silk Road Initiative


Tourists rest near the "Colombo Port City" construction site, backed by Chinese investment, in Colombo February 8, 2016. REUTERS/Dinuka Liyanawatte

Tourists rest near the “Colombo Port City” construction site, backed by Chinese investment, in Colombo February 8, 2016. REUTERS/Dinuka Liyanawatte

China has already had Gwadar port near Iran in Pakistan for its Maritime Silk Road to ensure the Road will not be cut by US navy as the Iranian and Pakistani air forces will protect Iranian, Pakistani and Chinese ships on the Road. What China lacks is a port in Sri Lanka in the middle of the Indian Ocean and a canal through Kra Isthmus.

China had good relations with Sri Lanka until last year when the pro-China president lost in election to Maithripala Sirisena supported by the US and India who want to cut Sri Lanka’s close ties with China.

Now according to Reuters’ report today, President Sirisena has tried for a year to satisfy the US and India but failed as Sri Lanka needs Chinese investment for its economy while the US and India are unable to provide it what it needs. It seems that China will get more from Sri Lanka under President Sirisena’s rule than before.

Reuters quotes Sri Lanka cabinet spokesman Rajitha Senaratne as saying “The stance on China has completely changed. Who else is going to bring us money, given tight conditions in the West?”

What left for Chinese President Xi Jinping’s Maritime Silk Road initiative is the Kra Isthmus canal, for which China has been discussing with Thailand. However, if the canal project fails to realize, China can build a railway through Myanmar to use its ports as China has close ties with Myanmar.

Therefore, as Sri Lanka has turned back to China, Xi’s Maritime Silk Road initiative has been quite hopeful so far.

The following is the full text of Reuters’ report titled “Short of options, Sri Lanka turns back to Beijing’s embrace”

Just over a year after a new leader was elected and Sri Lanka’s business ties with China came under close scrutiny, Colombo is reversing course by resuming a stalled port project and naming Beijing as the front runner for a new special economic zone.

India is nervous about losing influence over the island nation off its southern tip, while China’s push into the Indian Ocean, and the possibility of dual purpose civilian-military facilities in Sri Lanka, are raising alarm further afield.

The ouster of President Mahinda Rajapaksa, who steered Sri Lanka toward China until 2015, was a setback for ties, as his successor reviewed projects to check if they were fair and legal.

Now Maithripala Sirisena’s government, faced with falling foreign reserves, a balance of payments crunch and few, if any, alternative investors, is heading back into Beijing’s embrace, albeit on better terms than before.

“The stance on China has completely changed,” cabinet spokesman Rajitha Senaratne told Reuters. “Who else is going to bring us money, given tight conditions in the West?”

Most of the focus has been on the $1.4 billion port city China wants to build in the commercial capital, Colombo, where cranes and diggers have sat idle for months.

But according to International Trade Minister Malik Samarawickrama, Chinese investors have also expressed interest in a special economic zone (SEZ) in Hambantota, southern Sri Lanka, where a $1.7 billion seaport and airport built by the Chinese are operating at a fraction of capacity.

“We will agree to that. They will invest their own money. That’s the way to go forward,” Samarawickrama told Reuters.

INDIA “NOT CONCERNED”

Beijing’s rehabilitation does not mean the door is closed to other potential investors in Sri Lanka’s $79 billion economy.

Indian Foreign Minister Sushma Swaraj held talks with Sri Lankan Prime Minister Ranil Wickremesinghe for an SEZ in Trincomalee last week, according to an Indian official.

And New Delhi said it was not unduly worried by China’s return to pole position in talks with Colombo.

“The relationship between India and Sri Lanka is robust, is getting stronger,” said Renu Pall, joint secretary in the Indian foreign ministry in charge of the Indian Ocean region.

But so far, only Beijing had come up with specific proposals for a trade zone, an official at Sri Lanka’s Board of Investment said.

Beijing has already pumped hundreds of millions of dollars into roads and ports since the end of Sri Lanka’s civil war in 2009, when Colombo was largely shunned by Western investors over its human rights record.

China’s interest is seen as part of its ambitions to build a “Maritime Silk Route” to the oil-rich Middle East and on to Europe.

That makes some countries, including India and the United States, nervous, with Sri Lanka sitting near shipping lanes through which much of the world’s trade passes on its way to China and Japan.

Western diplomats have expressed particular concern over Hambantota, located in Rajapaksa’s stronghold on the southern tip of the country, because they say it could have both civil and military use.

Sri Lanka’s government says such fears are misplaced and that it plays host to a far higher number of ship visits by other foreign navies, including India’s.

IMPROVING TERMS OF DEALS

The SEZ in Hambantota is the biggest of four proposals made by the Chinese to Sri Lanka’s Board of Investment, the official there said. He did not provide details about others.

The SEZ is one of 45 projects the government plans to help lift growth at a time when public finances have deteriorated and Colombo is seeking an emergency IMF loan to avert a balance-of-payments problem.

Trade Minister Samarawickrama said the government decided to go ahead with the Colombo port city project after proposing to the Chinese to reduce the land area and limit the environmental impact.

Already, the suspension of work has cost $380,000 a day overall, according to state-owned China Communications Construction Co Ltd (CCCC), which is financing the project.

“During negotiations, the new Sri Lankan government understood the reality and also the fact that they were legally bound by the contract,” said an official at CHEC Port City Colombo (Pvt) Ltd, the local company handling the project.

Sri Lanka and the Chinese government also discussed loan terms, which critics said were too onerous on the host country, Finance Minister Ravi Karunanayake told Reuters.

“Everything is going well. If there were 7 percent (interest) loans, we have reduced to lower-regime loans,” he said, without detailing which loans were being renegotiated.

China said it looked forward to working closely with Sri Lanka.

“We believe Sri Lanka … will continue to deepen practical cooperation with China,” said foreign ministry spokeswoman Hua Chunying.

(Additional reporting by Ranga Sirilal in Colombo and Michael Martina in Beijing; Writing by Sanjeev Miglani; Editing by Mike Collett-White)


Obama Succeeds in Pitting India against China


Some people regard the territorial disputes between India and China as a major issue to exploit in pitting India against China. In fact, the disputed areas give neither China nor India advantage to attack the other as their geological layout facilitates defense. The two countries deploy heavily armed troops there for defense instead of attack.

When China had improved ties with Russia, Russia used its influence to ease the tension at Chinese-Indian borders.

Former US Defense Secretary Leon Panetta tried in vain to ask India to join the US in encircling China.

US President Obama seems to have had some diplomatic experience after working as the president for more than six years. He knows that now he has the opportunity to pit India against China.

China’s establishment of maritime Silk Road aims at safeguarding its trade lifelines through the India Ocean. For that it shall have some supply bases and even military bases along the Silk Road. That was why it got Sri Lanka’s permission for its warships and submarines to use Sri Lankan ports.

China’s rise has long since worried India due to the uncertainly whether China will become an aggressor to dominate the world when it becomes world number one. India regards China’s activities in Sri Lanka as a threat to its national security. It has tried hard to sabotage the economic cooperation between Sri Lanka and China, but as China is willing to offer Sri Lanka very preferential terms, India fails to succeed in severing the ties between China and Sri Lanka.

India urgently needs US help to contain China. Seeing the opportunity to have India as an ally in containing China, Obama promised to provide US aircraft carrier technology for India to contain China in the Indian Ocean. That is something exceptional as no other country has ever been able to obtain such technology from the US.

To please the US, India has begun to challenge China. Its Prime Minister Modi visited disputed border region and promised to make substantial investment to develop the region. Reuters published a report yesterday on China’s response. The following is the full text of the report:

China protests at Indian PM’s visit to disputed border region

China has lodged an official protest against Indian Prime Minister Narendra Modi’s visit to a border region claimed by both countries.

China disputes the entire territory of the northeast Indian state of Arunachal Pradesh, calling it south Tibet. Its historic town Tawang, a key site for Tibetan Buddhism, was briefly occupied by Chinese forces during a 1962 war.

“The Chinese government has never recognized the so-called ‘Arunachal Pradesh’,” a statement on the Chinese Foreign Ministry’s website said on Friday, adding that Modi’s visit was “not conducive” to developing bilateral relations.

Vice Foreign Minister Liu Zhenmin told India’s Ambassador to China Ashok Kantha on Saturday that China was firmly opposed to the visit.

“The Indian side’s insistence on arranging activities by leaders in the disputed region infringes on China’s territorial sovereignty and interests, magnifies the dispute on the border issue, and violates the consensus to appropriately handle the border issue,” a separate ministry statement cited Liu as saying.

Modi visited Arunachal Pradesh on Friday to inaugurate the opening of a train line and power station. He did not mention China but pledged billions of dollars of investment to develop infrastructure in the region.

“I assure you that you will witness more development in the state in the next five years than it has seen in the last 28 years,” Modi said, addressing a huge crowd.

Faster transport links and exploitation of Arunachal Pradesh’s hydro-electric potential are the keys to fighting poverty and bringing about rapid development in the frontier state, he said.

In January, China objected to statements by Japan’s Foreign Ministry supporting India’s claim to the region.

A visit by U.S. President Barack Obama to India in January was widely seen as a sign Modi is moving closer to the United States, to offset rising Chinese influence in Asia and, in particular, intensifying activity by the Chinese navy in the Indian Ocean.

Source: Reuters “China protests at Indian PM’s visit to disputed border region”


China’s Win-Win Approach Prevails in Sri Lanka


Sri Lanka's Prime Minister Ranil Wickremesinghe (R) shakes hands with Liu Jianchao, China's Assistant Foreign Minster and Special Envoy, during their meeting in Colombo February 6, 2015. Credit: Reuters/Dinuka Liyanawatte

Sri Lanka’s Prime Minister Ranil Wickremesinghe (R) shakes hands with Liu Jianchao, China’s Assistant Foreign Minster and Special Envoy, during their meeting in Colombo February 6, 2015. Credit: Reuters/Dinuka Liyanawatte

In my post “Obama One Step behind Chinese President Xi Jinping” on January 23, I point out that Xi pursues mutual benefits in investing in other countries, especially construction of infrastructures while Obama pursues bringing back jobs from other countries causing them to lose jobs and market.

I said in the post:

Take Sri Lanka as an example, there is a new government now. The new president made his election promise that he would scrap all the infrastructure projects China invests in Sri Lanka. It makes the US and India quite happy.

However, Sri Lanka needs such projects for its economic development while neither the US or India provides funds to replace China in making the investment in the projects. It means that the US is not a step behind but has teken no step at all in Sri Lanka. As a result, Sri Lanka has to renegotiate instead of scrap those projects.

Today, Reuters says in its report that Sri Lanka backs instead of canceling China’s infrastructure projects. The following is the full text of Reuters report:

Sri Lanka backs China port city deal after threat to cancel

Sri Lanka’s cabinet said on Thursday it would allow a $1.5 billion “port city” deal with China to go ahead, dropping a threat to cancel a project approved by the previous government.

Cabinet spokesman Rajitha Senaratne said President Maithripala Sirisena would, however, discuss arrangements over the freehold of land to be used when he visits China in March.

Sri Lanka’s neighbor India has raised concern over security threats posed by Chinese ownership of the freehold of 20 hectares of land next to the main commercial port in Colombo. India uses Colombo as a transshipment port.

Sri Lanka’s new prime minister, Ranil Wickremesinghe, said before last month’s presidential vote he would cancel the deal if his party came to power because no environmental impact assessment (EIA) or feasibility study had been presented to parliament.

Sirisena, backed by Wickremesinghe’s party, unseated the former president, Mahinda Rajapaksa, in the polls.

“The prime minister said that an EIA has been done for land reclamation. However, it needs a second EIA for constructions after the land is reclaimed,” Senaratne told reporters on Thursday, adding that a feasibility test had been carried out.

“He informed the cabinet that this has to be looked at with the relationship with China and to make any alterations where possible with the understanding of the Chinese government.”

Asked if this meant the government would allow the project to go ahead, the spokesman replied: “Yes.”

Speaking to Foreign Minister Mangala Samaraweera in Colombo, China’s assistant foreign minister, Liu Jianchao, said the plan, and another port project in the south, were good for Sri Lanka.

“(We) believe that the new Sri Lankan government will act upon the basic interests of Sino-Sri Lanka friendship and national development to ensure important cooperation projects do not experience ups and downs because of changes in the political situation,” China’s foreign ministry cited Liu as saying.

Chinese President Xi Jinping launched the project when he visited last year.

Under the proposed deal, 108 hectares of the site on reclaimed land would be taken over by China Communications Construction Co Ltd, including 20 hectares on an outright basis and the rest on a 99-year lease.

In a newspaper advertisement on Thursday, Jiang Houliang, head of CHEC Colombo Port City (Pvt) Ltd., a subsidiary of the state-owned Chinese investor, said his firm estimated 83,000 jobs and $13 billion of foreign direct investment would come from the project over 10 years.

The development will include shops, golf course, hotels, apartments and marinas.

Source: Reuters “Sri Lanka backs China port city deal after threat to cancel”

Related posts at tiananmenstremendousachievements.wordpress.com:

  • Obama One Step behind Chinese President Xi Jinping dated January 23, 2015
  • As Obama visits, signs that India is pushing back against China dated January 22, 2015
  • China, Sri Lanka could sign free trade pact this year dated February 13, 2014

Obama One Step behind Chinese President Xi Jinping


Attacking China is the best way to win popularity in the United States as China’s rise has given rise to lots of uncertainties:

Will China become a military superpower that bullies weaker countries as such a superpower is used to do? No one can by sure though China has repeatedly claimed that it pursues a peaceful rise.

Will China replace the US as world leader? I hope not. I hope that Chinese leaders are wise enough to see that world leadership brings more burdens than benefits. Moreover, since the US is so jealous of its world leadership, replacing it as world leader may give rise to military confrontation. Why shall China fight for such heavy burdens of world leadership? Maintaining fleets of aircraft carrier battle groups to police the oceans alone is expensive enough.

The world is full of fools who would rather spend lots in wars instead on environmental protection to prevent global warming that may give rise to serious disasters to the human race.

The US, especially, does not even allocate funds on its infrastructures, leaving thousands of its bridges in poor conditions.

China, however, builds lots of high speed rails, expressways, power stations, etc. every year.

In that respect, Obama is quite a few steps behind China’s Xi.

In addition, China has been making lots of investment in the infrastructures in other countries including Sri Lanka. China is helping them develop their economies based on such infrastructures so that they may develop their industries to provide jobs for their people and make lots of cheap products for China. On the other hand, China’s market there will also grow as economic development makes the people there richer. That will be a win-win outcome.

Seeing that, the US wants to establish its Transpacific Partnership to exclude China from the markets of quite a few Asian-Pacific countries.

In US President Obama’s State of the Union speech, he refers China’s efforts to achieve economic growth together with other Asian-Pacific countries as writing China’s rules for the world’s fastest-growing region. “That would put our workers and businesses at a disadvantage,” he said.

How will Obama make rules that put US workers and businesses at an advantage? He wants to bring jobs back to the United States. It means other countries are to lose jobs and the parts of US market for the products made by the lost jobs. That will be a win-lose outcome. The US will be the winner while other countries will be the losers. It means that Obama is not only a step behind Xi’s efforts of co-prosperity with other countries but is also taking a unpopular selfish step at the costs of other countries.

In terms of bringing back jobs from China, Obama is also a step behind Xi.

Xi knows that most of Chinese jobs that make goods for the US are low-wage labor-intensive jobs. The US simply does not have such cheap labor to take back such jobs.

Due to Xi’s goal of making his people comparatively well-off, he has to enable increase in Chinese workers’ wages so that quite a few such labor-intensive jobs have moved to China’s less developed neighbors. Xi has been upgrading Chinese industries to make products with more ingredients of skill and technology.

For example, Xi is developing large airliners in cooperation with Russia to grab a share of the lucrative airliner market from the United States and Europe.

The US is destined to lose to China jobs of high-end industries. Why?

Scientists and engineers are much better paid than lawyers and doctors in China so that Chinese talents prefer science and engineering to medicine and law.

Doctors and lawyers are much better paid than scientists and engineers in the United States so that American talents prefer medicine and law to science and engineering.

US colleges are better than Chinese ones in training scientists and engineers and lots of Chinese students are now studying there, but as scientists and engineers are well paid and respected in China, an increasing number of them return to China when they have finished their study in the United States. They are to take jobs from the US in industries that requires advanced science and technology instead of vice versa.

Xi is a step ahead of Obama in this respect.

Take Sri Lanka as an example, there is a new government now. The new president made his election promise that he would scrap all the infrastructure projects China invests in Sri Lanka. It makes the US and India quite happy.

However, Sri Lanka needs such projects for its economic development while neither the US or India provides funds to replace China in making the investment in the projects. It means that the US is not a step behind but has teken no step at all in Sri Lanka. As a result, Sri Lanka has to renegotiate instead of scrap those projects.

The following is the full text of Reuters story on China’s projects in Sri Lanka:

Sri Lanka softens its stance on China port city deal

Sri Lanka’s new government said on Thursday it might renegotiate a $1.5 billion “port city” deal with China Communications Construction Co Ltd (601800.SS), softening its pre-election threat to scrap the project.

New Prime Minister Ranil Wickremesinghe, before last month’s presidential vote, said he would cancel the port deal if his party came to power. Maithripala Sirisena, backed by Wickremesinghe’s party, unseated ex-president Mahinda Rajapaksa at the polls.

“We can renegotiate with China after reassessing the deal,” Cabinet Spokesman Rajitha Senarathne told reporters.

“We need to see the feasibility study. We need to see the environmental impact assessment (EIA) and reassess the tax concessions given to it and land ownership issues.”

He said the current government had not seen any EIA or feasibility study of the project and it needed to be re-assessed because of impacts on coastal erosion.

Work has already begun on construction of the port city, launched by Chinese President Xi Jinping when he visited in September last year.

The site is on 233 hectares of reclaimed land in the capital, Colombo. Under the proposed deal, 108 hectares would be given to the Chinese firm, including 20 hectares on an outright basis and the rest on a 99-year lease.

Sri Lanka’s giant neighbor India, which has uneasy relations with China, is worried about the port city project.

Indian diplomats have told Reuters the 20-hectare plot is a security concern because of the large number of India-bound cargoes that pass through Colombo port.

China Communications Construction Co Ltd said in a statement issued on Wednesday an initial technical feasibility study and EIA had been carried out and approved by the previous Rajapaksa government.

It said an environmental management plan had been provided by the company “after monitoring the environmental impact, especially the erosion of the beach, according to the requirement of EIA”.

“We are open to cooperate with the government authorities and provide all the information required according to the relevant regulations, believing on a strong cooperation together to the best success of this magnificent project,” it said.

Wickremesinghe’s pro-business United National Party says some development deals struck by the previous government, which was heavily dependent on China for infrastructure, did not follow appropriate tender procedures and were not transparent.

The port development would include shopping malls, a water sports area, golf course, hotels, apartments and marinas.

Source: Obama “State of the Union speech”

Source: “Sri Lanka softens its stance on China port city deal”

Related posts at tiananmenstremendousachievements.wordpress.com:

  • As Obama visits, signs that India is pushing back against China dated yesterday
  • India Worries at Activities of Chinese Warships, Subs in Indian Ocean dated November 2, 2014
  • China, Sri Lanka could sign free trade pact this year dated February 13, 2014