Sri Lanka invites China to invest in mineral sector

Monday, 08 April 2013 - 12:41


Sri Lanka has asked China to invest in the mineral mining and processing sector for export especially in mineral sands and graphite.

In recent years Sri Lanka's Treasury has helped expand the trade gap with China by borrowing heavily from its Exim Bank and others for infrastructure projects which are tied to Chinese material imports and labour.

But ordinary Sri Lankan citizens also import goods from China at a lower cost than from other countries increasing their disposable incomes to purchase more consumer goods, save or invest, thereby generally bettering their lives.