Research on China-Sri Lanka Economic and Trade Cooperation Based on SWOT Analysis

Abstract

This paper systematically explores the economic and trade cooperation between China and Sri Lanka based on the SWOT analysis framework. Against the backdrop of globalization and the “Belt and Road” initiative, China-Sri Lanka economic and trade cooperation shows great potential and broad prospects. By using the SWOT analysis method, the paper comprehensively analyzes the strengths, weaknesses, opportunities, and threats of China-Sri Lanka economic and trade cooperation. The strengths include complementary geographical locations, complementary trade structures, and a solid foundation of political mutual trust; the weaknesses mainly lie in trade imbalances, unstable investment environments, and cultural and communication barriers; opportunities mainly arise from the promotion of the “Belt and Road” initiative, the deepening of regional cooperation, and changes in the global trade pattern; threats mainly come from changes in the international political and economic environment, external shocks such as pandemics, and the rise of trade protectionism. Finally, the paper proposes targeted strategic suggestions based on the actual situation, aiming to promote the sustainable and healthy development of China-Sri Lanka economic and trade cooperation and enhance the economic prosperity and well-being of the two countries.