China-Sri Lanka Economic Ties Enter New Phase in 2026 📈

Ambassador Qi Zhenhong marks the 2026 Lunar New Year highlighting robust bilateral progress as China begins its 15th Five-Year Plan. • Overall Economic Figures China's GDP surpassed 140 trillion yuan (US$ 20.16 Bn) in 2025, maintaining a 5.0% growth rate. Total global goods trade reached 45 trillion yuan (US$ 6.36 Bn), driven by high-standard opening up and a record trade surplus. • Key Sector Highlights • Ports & Infrastructure: The Colombo Port City and Hambantota Port are thriving as strategic coastal hubs. The Sinopec Oil Refinery project in Hambantota is expected to be finalized in Q1 2026. • Technology & Digital: Significant breakthroughs achieved in AI, quantum technology, and the digital economy. • Agriculture: Enhanced cooperation in modern agriculture remains a priority, building on the 2025 focus on high-quality development. • Bilateral & Social Impact • Trade & Exports: Sri Lanka’s top exports to China include tea (US$ 55.2M in 2024), precious stones, and activated carbon. • Humanitarian: China provided emergency financial aid following Cyclone Ditwah and has supplied school uniform materials for four consecutive years. • Investment: Transitioning from debt-financed projects to equity-based FDI and private sector partnerships under the Belt and Road Initiative. Based on official 2025 year-end data and 2026 diplomatic briefings.