Sri Lanka eyeing Chinese investments with law reforms: PM

Sri Lanka will bring legal reforms to encourage much needed foreign investment, as the cash-strapped island tries to turn its $8 billion Chinese debt into equity, the prime minister said Sunday. Ranil Wickremesinghe, who returned home Sunday after a three-day visit to China, said streamlined regulations and a free trade agreement would be in place to increase economic ties with Beijing. "The Chinese are interested (in investing) and are awaiting our (new) laws," Wickremesinghe said, adding that