Chinese investors say change of administration has thrown stability of economic policies off balance

Chinese investors say change of administration has thrown stability of economic policies off balance

Written by Bella Dalima

21 Mar, 2015 | 10:16 pm

Investors in Shandong, China say that the change of administration in Sri Lanka has thrown the stability of economic policies between China and Sri Lanka off-balance.

Shandong province which is located in the east of China plays an important role in terms of economic bilateral ties between China and Sri Lanka.

In 2014 the total two way trade amounted to 297 million US$.

However, with the new change of government investors in areas such as Shandong have raised concerns with regard to the stability of economic policies between the two countries.

Deputy Director General of Overseas Investment Shandong Commercial Department, Zhao Guanghui stated that as a person who is involved in trade cooperation, “Our major concern lies in the projects that have been investigated, this might give rise to some obstacles and economic costs for the production and construction with regard to Chinese companies.”

He said: “We hope to promote business ties with the Chinese government and Sri Lanka both in trade and investment but in discussions with our companies some people have expressed their worry that there might be an increase of investments risks in Sri Lanka.

 

 

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