Impact on Sri Lanka’s GDP and employment
Sri Lanka has been maintaining strong economic and diplomatic ties with China since independence and especially bilateral economic relations between Sri Lanka and China have strengthened significantly during the last decade. Bilateral trade and investments agreements and tourism relations between the two countries are more substantial in recent years.
In fact, China is not a major exporting destination of Sri Lanka and however China is the second largest source market of Sri Lanka in terms of imports and tourist arrivals. Therefore, China’s slow down due to COVID-19 may have significant impacts on Sri Lanka economy as well.
Daily Mirror