China gives 12 million US Dollars as financial assistance to further improve bilateral ties in the fields of economy and technology.
The Economic and Cooperation Agreement was signed by Chinese Vice Commerce Minister Fu Ziying and Finance Secretary Dr. P.B. Jayasundera. The signing ceremony took place at the Finance Ministry. In addition to this financial grant, China has extended three million US Dollars as housing assistance, particularly for families impacted by the recent deluge. A Chinese delegation including the Deputy Commerce Minister is in the island on a three-day official visit.