Sri Lanka’s economic crisis has become a political one as both the country’s president and prime minister agreed to resign Saturday after protesters stormed the official residences of the two leaders, setting fire to the prime minister’s residence. Experts believe the country’s crisis is a result of both internal and external troubles, including galloping inflation, its economic system, and the onslaught of COVID-19.
Some Chinese enterprises operating in Sri Lanka said on Tuesday that their businesses and personnel in the South Asian country have been generally safe and undisrupted, though they have taken contingency plans to protect projects and employees, amid a deteriorating political turmoil in the country after Prime Minister Mahinda Rajapaksa announced his resignation on Monday.
Chinese State Councilor and Foreign Minister Wang Yi successfully wrapped up his first New Year trip on Sunday in Sri Lanka, the last leg of a multinational trip that also took him to three African countries and the Maldives, with deepened mutually beneficial pragmatic cooperation, which Chinese observers said cannot be shaken by some noise from Western media that labeled such cooperation
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