Bangladesh China Signed 25 Billion Dollar Investment Agreement

During Xi’s visit, the two governments signed 27 agreements involving $US24.45 billion in assistance and investment for Bangladesh. Moreover, 13 Chinese corporations signed joint venture agreements worth $13 billion with Bangladeshi companies.

Jiang Jingkui, director of the Centre of South Asian Studies at Beijing University, told the China Daily that “the South Asia region, which was not China’s traditional focus, has become more important in recent years especially after China put forward the Belt and Road Initiative in 2013.” The initiative involves massive Chinese spending on infrastructure to more closely link Africa and the Eurasian landmass.

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