- On May 10, 2018
A Sri Lanka – China Business Forum was organized by the China Council for the Promotion of International Trade (CCPIT) in association with the Ceylon Chamber of Commerce and the Lanka – China Economic & Cultural Council last Thursday, 10th May. At the forum, the Ceylon Chamber signed an MOU with CCPIT, Hangzhou, thereby forging business ties with the Hangzhou region in China.
Hangzhou has maintained an annual GDP growth rate around 8%-10% over the past 20-odd years. It is among the most economically competitive cities in Mainland China and reputed to be one of the most vigorous and richest areas in the Yangtze River Delta. Hangzhou has very good commercial environment, where the private sector economy develops very well. Among the top 500 private companies of China, 50 are based in Hangzhou. Key industries in Hangzhou are e-commerce, ICT, bio-pharmaceutical, modern equipment manufacturing, culture and creation, financial service, tourism and leisure, textiles and apparel, food and beverage processing, internet of things, big data, AI, energy saving, and new energy. The networking at the forum provided a valuable opportunity for the business people of Colombo and Hangzhou to form connections and seek out avenues for partnerships and joint ventures.
The Chairman of the Ceylon Chamber, Mr. Rajendra Theagarajah stated that together with the Ceylon Chamber’s sponsorship of the “business developing arm” – the Sri Lanka – China Business Council, the Chamber stands to promote and sponsor bilateral trade with China.