China says Colombo and Shanghai can learn from each other

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The Chinese Government says Shanghai and Colombo have lots to learn from each other in metropolitan development and governance.

The Chinese Ambassador to Sri Lanka,  Cheng Xueyuan said that Sri Lanka has acted as a regional trade center since ancient times, and just like China, Sri Lanka has benefited a lot from WTO and global trade rules.

“No other country could better understand the importance of upholding the free trade system than Sri Lanka. Trade liberalization and economic globalization would build Sri Lanka as a gem on the Indian Ocean; on the contrary, without them, Sri Lanka may only become a lonely island on the vast Indian Ocean,” he said.

The Ambassador was speaking at the opening ceremony of a photo exhibition on the 40th Anniversary of Shanghai’s Reform and Opening-up.

Speaking further, the Ambassador said that under the strong leadership of China’s Communist Party, China has remained independent, relied on its own efforts, upheld the principles of openness, inclusiveness and win-win cooperation, and accomplished remarkable achievements.

China’s GDP has increased from 360 billion yuan to 82.7 trillion yuan, growing at an annual average rate of 9.5%; around 700 million Chinese people have been lifted out of poverty, accounting for more than 70% of the global total over the same period.

Today, he says China has become the world’s second largest economy, largest industrial country and largest trader of goods with the largest foreign exchange reserves.

“We have successfully opened up a socialist development path with Chinese characteristics and have gained confidence in our path, guiding theories, political system and culture,” he said.

The Ambassador said that devoted to upholding the global trade system based on international rules, China acts as a strong force in advocating economic globalization and trade liberalization and takes a firm position against protectionism and unilateralism.

Colombo Mayor Rose Senanayake and Chairperson of the Standing Committee of the Shanghai Municipal People’s Congress Ms.Yin Yicui also attended the event. (Colombo Gazette)

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