Sri Lanka’s Marxist-leaning President Anura Kumara Dissanayake has held talks with Chinese leader Xi Jinping, one month after visiting India on his first overseas trip since winning election in September.

BEIJING (Reuters) - China and Sri Lanka have agreed on more investment and economic cooperation, after China's President Xi Jinping met recently elected Sri Lankan President Anura Kumara Dissanayake in Beijing on Wednesday.

China was once seen as having the upper hand in Sri Lanka through its huge loans and infrastructure investments. While China remains the country’s largest bilateral lender, Sri

India's navy has launched a submarine, a destroyer and a frigate built at a state-run shipyard. The move on Wednesday underscores the importance of protecting the Indian Ocean region through which 95% of the country’s trade moves amid a strong Chinese presence.