Dissanayake incidentally was a critic of the Hambantota port deal for its long-term lease while he was in the opposition.It was seen as a balancing act as last year India and Sri Lanka inked a deal to jointly develop 85 Word War II-era oil storage tanks at the strategic Trincomalee port in the eastern region of the country.

Sri Lanka’s Ministry of Power and Energy and China’s Sinopec Corporation have signed an agreement to build an oil refinery in Hambantota with an investment of USD 3

China has pledged a historic USD 3.7 billion investment in Sri Lanka for a state-of-the-art oil refinery. This is part of enhanced Belt and Road Initiative cooperation between the nations, following agreements signed during Sri Lankan President Anura Kumara Dissanayake's state visit to China.

Sri Lanka’s Marxist-leaning President Anura Kumara Dissanayake has held talks with Chinese leader Xi Jinping, one month after visiting India on his first overseas trip since winning election in September.

According to a press release by the Sri Lankan President's media division, his visit marked a “significant milestone” by securing the largest foreign direct investment to date of $3.7 billion Chinese investment to build a state-of-the-art oil refinery at Hambantota.

Sri Lankan President Anura Kumara Dissanayake attracted investments from China on his first visit to Beijing since being elected in September.

China will continue to play a "positive role" in the International Monetary Fund and maintain friendly communication with other creditors, in assisting Sri Lanka to achieve financial relief and debt sustainability,

China and Sri Lanka have agreed on more investment and economic cooperation, after China's President Xi Jinping met recently elected Sri Lankan President Anura Kumara Dissanayake in Beijing on Wednesday.

China places Sri Lanka on top of its neighbourhood diplomacy and supports it in safeguarding its sovereignty, President Xi Jinping told his Sri Lankan counterpart Anura Kumara Dissanayake during their

Once a leader in textiles and tourism, Sri Lanka now faces its worst economic crisis. With inflation at 60%, foreign loan defaults, and a lack of essentials like fuel and medicine, discover the factors that led to this national tragedy.