China courts Bangladesh with big-ticket deals

China looks set to raise the bar for its ties with Bangladesh by announcing deals and loans worth billions of dollars during Chinese President Xi Jinping’s official visit to Dhaka on October 14. Bangladeshi officials are expecting at least &20 billion package of investment and aid during President Xi’s visit.

The two countries are also expected to sign a Memorandum of Understanding (MoU) on strengthening investment and production capacity. In an issue of concern to India, Mr Xi is also set to launch a charm offensive to win Dhaka’s support for his per project of trans-regional connectivity, ‘One Belt One Road’(OBOR).

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