UPFA Parliamentarian Dinesh Gunawardena has charged that the government which scaled down economic ties with China in the immediate aftermath of January 8 election, has to do a turn around and mend fences with China.
He was addressing the media. He added that the country had to pay a very heavy price for suspending the port city project. Gunawardena pointed out that the Sirisena-Wickremesinghe administration hadn’t succeeded in securing Western financial assistance and that was why it had decided to mend fences with Beijing.
He said: ‘Sri Lanka’s recent participation in the opening of the Asian Investment Infrastructure Bank in Beijing by President Xi Jinping had highlighted the new government’s turnaround, the Joint Opposition said. In fact, the World Bank had been opposed to the move, the MP said, adding that the Colombo port city project was yet to resume. China set up the banking project to rival the World Bank, IMF and the ADB. Sri Lanka’s foreign reserves had been under tremendous pressure over the past year due to deteriorating international markets in addition to sharp decrease in crude market, Gunawardena pointed out. The government couldn’t comprehend that West and even the Arab world lacked the wherewithal to make investment due to financial turmoil.’