China will continue to play a "positive role" in the International Monetary Fund and maintain friendly communication with other creditors, in assisting Sri Lanka to achieve financial relief and debt sustainability,

Sri Lanka’s Marxist-leaning President Anura Kumara Dissanayake has held talks with Chinese leader Xi Jinping, one month after visiting India on his first overseas trip since winning election in September.

Sinopec, China's state-owned and largest oil refiner, signed an agreement with Sri Lanka's energy ministry to invest $3.7 billion in a state-of-the-art oil refinery with a capacity of 200,000 barrels, Dissanayake's office announced Thursday.

China and Sri Lanka agreed on more investment and economic cooperation on Wednesday as China's President Xi Jinping met recently-elected Sri Lankan President Anura Kumara Dissanayake in Beijing.

China has pledged a historic USD 3.7 billion investment in Sri Lanka for a state-of-the-art oil refinery. This is part of enhanced Belt and Road Initiative cooperation between the nations, following agreements signed during Sri Lankan President Anura Kumara Dissanayake's state visit to China.

Sri Lankan President Anura Kumara Dissanayake attracted investments and support for debt sustainability from China on his first visit to Beijing since being elected in September.

China places Sri Lanka on top of its neighbourhood diplomacy and supports it in safeguarding its sovereignty, President Xi Jinping told his Sri Lankan counterpart Anura Kumara Dissanayake during their