News > China looks to boost ‘mutual trust' with Sri Lanka
China looks to boost ‘mutual trust' with Sri Lanka
20/10/2023 11:33 AM | Click to read full article
President Xi Jinping informed his Sri Lankan counterpart that China would look to deepen “mutual trust” with Colombo, which is working to get better from its worst-ever financial disaster. Sri Lanka defaulted on its $46 billion debt, at a time when months of meals and gasoline shortages have been making life a distress for the island nation’s 22 million individuals. China is Sri Lanka’s greatest creditor and should give its approval for any proposal by Colombo to restructure its debt.
