Analysis of bilateral trade between Sri Lanka and China

Focusing on Sri Lanka's opportunities and challenges, this study examines the expanding commercial ties between Sri Lanka and China. Qualitative and quantitative research methods were used for the analysis that follows. Critical discourse analysis and description statistical approaches were used to analyze the quantitative and qualitative data, respectively. Texts, tables, and illustrations were used for conveying the facts. According to the study, Sri Lanka has benefited greatly from its deep economic ties with China. As a hub of China's Maritime Silk Road, Sri Lanka has also prospered strategically through the 'Pearl of Pearls' strategy. China has emerged as a Sri Lankan export market, a source of foreign investment, a country of origin for goods at reasonable prices, and a country that provides livelihood for the tourism sector. When Sri Lanka faced overwhelming needs, China stepped in with exceptional military and diplomatic support. Opportunities and obstacles are beautifully balanced in their business relationship. China's growing influence in Sri Lanka has proven problematic, leading Sri Lanka to forge strategic alliances with an aggressive India. Burning problems in the economy include trade imbalances, high debt loads, and the pointless search for Chinese capital.