(Source: Russian Satellite News Agency 2024-05-23）
China will support Bangladesh in developing its textile industry, planning to be in Bangabandu, one of the eight export processing economic zones in the country (Bangabandhu) Establish a non-woven fabric and clothing auxiliary material manufacturing factory.
Chinese companySanxin Accessories MFC BD Ltd will invest $22.92 million in the project. On Tuesday, the company signed a cooperation agreement with the Bangladesh Export Processing Zone Authority (BEPZA).
China and Bangladesh are continuing to negotiate with China to provide new loans, with a total amount exceeding36 billion w88 casino gamesUS dollars, equivalent to 5 billion US dollars. According to Bangladesh's Prothom Alo, China is interested in providing RMB loans.
China is Bangladesh's fourth largest source of foreign loans, second only to Japan, the World Bank and the Asian Development Bank. Currently, Bangladesh's loans obtained from China account for nearly the total annual loan amount10%. In addition, at least $1 billion was received annually in the past two years, with loans reaching $1.12 billion last year.
Tatiana, Director of the Indian Research Center of the Institute of Oriental Studies, Russian Academy of Sciences·Saumiyan noticed the geopolitical elements of China's loans to South Asian countries in an interview with the Russian Satellite News Agency.
She said:"The greater possibility is that China will respond positively to Bangladesh's loan request. It is very important for China to strengthen cooperation in South Asia to support national development. China's policies in the region are quite positive, and the demand for Chinese loans in the region is in Continuous growth, China is providing loans to countries in need, and partner countries can find mutually beneficial conditions for loans."
According to Bangladesh media reports, Prime Minister Sheikh·Hasina will visit China in July, and negotiations on loans may end before her visit to China.
In recent months, financial cooperation supporting South Asian countries' budgets, bilateral import and export trade transactions and investment projects has become one of the w88 online casino bettingmain issues in negotiations between China and leaders at all levels of Pakistan, Nepal, Maldives, India and Sri Lanka. .w88 online live casino
He said:"Some developing countries tend to cooperate with China. In addition to having relatively sufficient funds, it is also related to China's relatively abundant production capacity, especially China's production capacity is moving towards high-end. China is a developing country, The lessons learned and the technical achievements summarized in the development process are also more applicable to the vast majority of developing countries. Whether it is manufacturing or new energy industries, China is at the forefront of the world. In fact, loan aid is not only about providing financial support, but also includes
Expert Wang Zhimin pointed out that China cooperates with South Asian countries, it is South-One of the directions of South cooperation.
He said:"As the largest developing country, China has always actively advocated and participated in South-South cooperation. China's diplomatic layout has always been a major country, neighbors are the primary, developing countries are the foundation, and multilateralism is the important stage. In other words, promoting South-South cooperation is also an important manifestation of China's diplomatic layout. China has abide by, support and practiced this important cooperation idea for many years. In recent years, the West has undoubtedly hyped China's "debt trap theory" and is undoubtedly wrong and
据The Sun online portal quoted Maldives Minister of Economic Development Said as saying that the Maldives is negotiating with China on the issue of separating the US dollar settlement of imported goods from China. Like Sri Lanka, Pakistan and Bangladesh, the Maldives are all experiencing a shortage of US dollars, hoping to settle in their local currency without using the US dollar to save US$1.5 billion in foreign exchange reserves.
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