China’s assistance to Sri Lanka never comes with any political strings attached, and China never seeks any selfish political gains from its investment and financing in Sri Lanka, Foreign Ministry Spokesperson Zhao Lijian reiterated recently.
More than a year since the sinking of the cargo ship the X-Press Pearl in the island nations territorial waters , Sri Lanka is still grappling to claim compensation of US$ 7 billion from the ship owners which was brought down to $ 4 billion due unknown reasons amidst the delay in finalizing relevant documents and proceed with the case.
The government has embarked on a formal program to strengthen the banking system in order to establish the financial stability of the country, President Ranil Wickremesinghe said.