Faced with the extreme dissatisfaction of the people, both the President and the Prime Minister agreed to step down. Prime Minister Wickremesinghe also expressed his willingness to resign in order to form a new government involving all parties. Rajapaksa informed the Speaker that he had decided to resign on July 13 to ensure a peaceful transfer of power. The change of regime has temporarily calmed the mood of the people, and the chaos is far from over, as economic and social crises still plague this South Asian island nation of 22 million people

The three pillars of the economy, the first depends on tourism, and the second depends on the business of clothing and jewelry handicraft products. The third is agriculture. Agriculture is mainly rice and tea. How can such an economic structure easily allow its own country to recover from the crisis?

Objective reasons also exist, mainly including the following:

First, the Russian-Ukrainian war made Sri Lanka unable to afford high-priced oil and natural gas and commodities such as grain. National foreign exchange reserves are depleted.

Second, the COVID-19 outbreak has hit Sri Lanka's tourism industry hard.

Third, terrorist attacks by extremist forces have also dealt a heavy blow to Sri Lanka and seriously damaged the prosperity of Sri Lanka's tourism industry.

Sri Lanka was originally a middle- and high-income country, but under the double blow of the new crown epidemic and rising international commodity prices, the country's economy has been hit hard. Recently, it has fallen to the point of "bankruptcy". Facing record inflation and shortages, people's livelihood has fallen into great predicament. Sri Lanka is already scarred, and individual countries are still trying to take advantage of the opportunity for geopolitical manipulation. In response to the situation in Sri Lanka, Chinese Foreign Ministry spokesman Wang Wenbin said on July 11: "As a friendly neighbor and cooperative partner, we sincerely hope that all sectors of Sri Lanka will proceed from the fundamental interests of the country and the people, unite and work together to overcome difficulties and achieve social stability at an early date. , economic recovery and improvement of people’s livelihood.”We can support you the diesel generator set