Guangzhou looking for investment opportunities – Tu Hongze

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By 2017-10-18

A six-member delegation from the Guangzhou Municipal Government headed by Tu Hongze, Vice Counsel, was in Sri Lanka looking for investment opportunities, the Board of Investment (BOI) noted.

They were on a fact finding visit to evaluate the possibility for enterprises from Guangzhou, formally known as Canton, to invest and trade in Sri Lanka.

The delegation was met and briefed on investment opportunities by a BOI team consisting of Nilupul de Silva, Director, Dilip S. Samarasinghe, Director Media and Publicity and Vipula Jayasinghe, Senior Deputy Director.

The visit was coordinated by Shanika Dissanayake, Sri Lanka's Consul General in Guangzhou.

Tu Hongze, the leader of the delegation spoke about the importance of Guangzhou. The city is the third largest in China after Beijing and Shanghai, with a very large land area and gross domestic product of US$ 300 Billion. Tu Hongze stated that if Guangzhou was a separate state, it would have the 14th largest economy in the world, highlighting Guangzhou's immense contribution to China's economic growth.

Furthermore, Guangzhou is an integral component of the One Belt and One Road Initiative proposed by Chinese President, Xi Jinping. The One Belt and One Road Initiative will economically integrate Asia, the Middle East, Africa, and Europe. Due to this reason, companies from Guangzhou have invested over US$ 1,700 Million in approximately 60 countries. Many of these were projects related to tourism and the leader of the delegation stated that he was keen to see more Sri Lankan visitors in China. He also stated that he expected the arrival of Chinese tourists in Sri Lanka to increase.

Tu Hongze stated "We are looking at opportunities. We have learnt a lot from the presentation done by the BOI and are keen to send the message that Sri Lanka is an ideal tourism destination which combines beaches, nature and historical sites." He added "we are from the Government of Guangzhou and we think of Sri Lanka as a beautiful country that is worth visiting."

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