Bangladesh, China and BRI

<!DOCTYPE html> <html> <head> <meta charset="utf-8"> <title>Bangladesh, China and BRI - World-Energy</title> <meta name="keywords" content="Belt and Road,Bangladesh" /> <meta name="description" content="People are there to criticize Bangladesh’s joining Chinese President Xi Jinping’s magnificent project – Belt and Road Initiative (BRI). " /> <meta http-equiv="X-Frame-Options" content="SAMEORIGIN"> <link rel="stylesheet" href="https://www.world-energy.org/statics/images/cpu/js/easytpl/libs/layui/css/layui.css"/> <link rel="stylesheet" href="https://www.world-energy.org/statics/images/cpu/js/layui/css/layui.css"> <link href="https://www.world-energy.org/statics/images/cpu/css/css.css?v=1732378315" rel="stylesheet" type="text/css" />   <script> var _hmt = _hmt || []; (function() { var hm = document.createElement("script"); hm.src = "https://hm.baidu.com/hm.js?37ab132780d9244fadd9d889777cf38f"; var s = document.getElementsByTagName("script")[0]; s.parentNode.insertBefore(hm, s); })(); </script> <script async src="https://www.googletagmanager.com/gtag/js?id=UA-142476727-1"></script> <script> window.dataLayer = window.dataLayer || []; function gtag(){dataLayer.push(arguments);} gtag('js', new Date()); gtag('config', 'UA-142476727-1'); </script> </head> <body> <div class="search_bar"> <div class="bg"></div> <div class="in"> <a href="javascript:hide_search();" class="close"> <i class="iconfont icon-close"></i> </a> <form action="https://www.world-energy.org/search.html"> <input type="text" name="keyword" value="" placeholder="Please enter the keywords..."> <input type="submit" name="dosubmit" class="dosearch" value="SEARCH"> </form> </div> </div>  <header> <div class="wapper"> <a href="https://www.world-energy.org/" class="logo" title="World Energy"><img src="https://www.world-energy.org/statics/images/cpu/images/001.png" alt="World Energy"></a> <div class="icon fr"> <ul class="share-buttons fl"> <li><a href="https://fb.me/todayworldenergy" target="_blank"><img alt="Share on Facebook" src="https://www.world-energy.org/statics/images/share_icon/Facebook.png" /></a></li> <li><a href="https://twitter.com/theworldenergy" target="_blank" title="Tweet"><img alt="Tweet" src="https://www.world-energy.org/statics/images/share_icon/Twitter.png" /></a></li>  <li><a href="https://www.instagram.com/todayworldenergy/" target="_blank" title="Instagram"><img alt="Instagram" src="https://www.world-energy.org/statics/images/share_icon/Instagram.png" /></a></li>  <li><a href="https://weibo.com/u/7012810869?is_all=1" target="_blank" title="Weibo"><img alt="Weibo" src="https://www.world-energy.org/statics/images/share_icon/weibo.png" /></a></li>   </ul> <span class="txt mr10 ml15" onclick="show_search();">Search</span> <i class="iconfont icon-sousuo" onclick="show_search();" style="font-size: 18px; margin-right: 0; line-height: 29px;"></i> <userlogin id="member_btn"></userlogin> </div> </div> </header> <nav> <div class="wapper"> <div class="links"> <a href="https://www.world-energy.org/channel/11.html">Oil & Gas</a> <a href="https://www.world-energy.org/channel/10.html">Coal</a> <a href="https://www.world-energy.org/channel/12.html">Thermal Power</a> <a href="https://www.world-energy.org/channel/15.html">Solar</a> <a href="https://www.world-energy.org/channel/16.html">Wind Power</a> <a href="https://www.world-energy.org/channel/13.html">Hydropower</a> <a href="https://www.world-energy.org/channel/14.html">Nuclear Power</a> <a href="https://www.world-energy.org/channel/20.html">Power Grid</a> <a href="https://www.world-energy.org/channel/17.html">Hydrogen</a> <a href="https://www.world-energy.org/channel/18.html">Geothermal</a> </div> <div class="links"> <a href="https://www.world-energy.org/channel/21.html">Energy Storage</a> <a href="https://www.world-energy.org/channel/23.html">Energy Efficiency</a> <a href="https://www.world-energy.org/channel/22.html">New Energy Vehicles</a> <a href="https://www.world-energy.org/channel/31.html">Energy Economy</a> <a href="https://www.world-energy.org/channel/26.html">Climate Change</a> <a href="https://www.world-energy.org/channel/19.html">Biomass Energy</a> </div> </div> </nav> <div class="sub-nav"> <a href="https://www.world-energy.org/channel/38.html">Video</a> <a href="https://www.world-energy.org/channel/27.html">Policy & Regulation</a> <a href="https://www.world-energy.org/channel/29.html">Exhibition & Forum</a> <a href="https://www.world-energy.org/channel/28.html">Organization</a> <a href="https://www.world-energy.org/channel/37.html">Belt and Road</a>  </div>  <div class="subbox mt30"> <div class="show"> <div class="fl" style="width: 920px;"> <div class="l fl p20"> <h2 class="t title-ff fwb fz24 black"> <a href="https://www.world-energy.org/channel/37.html" class="">Belt and Road</a> </h2> <div class="sub-t title-ff fwb fz16 black mt10"> Monday<br/> <em class="color-front fwb">23 Sep 2019</em> </div> <div class="share pt10" style="margin-top: 50px;"> <div class="icon"> <ul class="share-buttons fl"> <li><a href="https://www.facebook.com/sharer/sharer.php?u=http%3A%2F%2Fwww.bytul.com&quote=" title="Share on Facebook" target="_blank" onclick="window.open('https://www.facebook.com/sharer/sharer.php?u=' + encodeURIComponent(document.URL) + '&quote=' + encodeURIComponent(document.URL)); return false;"><img alt="Share on Facebook" src="https://www.world-energy.org/statics/images/share_icon/Facebook.png" /></a></li> <li><a href="https://twitter.com/intent/tweet?source=http%3A%2F%2Fwww.bytul.com&text=:%20http%3A%2F%2Fwww.bytul.com" target="_blank" title="Tweet" onclick="window.open('https://twitter.com/intent/tweet?text=' + encodeURIComponent(document.title) + ':%20' + encodeURIComponent(document.URL)); return false;"><img alt="Tweet" src="https://www.world-energy.org/statics/images/share_icon/Twitter.png" /></a></li> <li><a href="javascript:;" target="_blank" title="Share on LinkedIn" onclick="window.open('http://www.linkedin.com/shareArticle?url=' + encodeURIComponent(document.URL) + '&title=' + encodeURIComponent(document.title)); return false;"><img alt="Share on LinkedIn" src="https://www.world-energy.org/statics/images/share_icon/LinkedIn.png" /></a></li>  <li><a href="javascript:;" target="_blank" title="Share on Weibo" onclick="window.open('http://service.weibo.com/share/share.php?url=' + encodeURIComponent(document.URL) + '&title=' + encodeURIComponent(document.title)); return false;"><img alt="Weibo" src="https://www.world-energy.org/statics/images/share_icon/weibo.png" /></a></li>   </ul> </div> </div> </div> <div class="m fl p20"> <div class="show-c"> <h1 class="title fz26 fwb black"> Bangladesh, China and BRI </h1> <div class="baseinfo"> <i class="iconfont icon-time"></i> <span>23 Sep 2019  by </span><span class="color-front">BLITZ</span>    <a href="javascript:;" class="dofav fr fav" title="Add to my favorites" data-id="2441"><i class="iconfont icon-likefill"></i></a> </div> <div class="content mt40"> People are there to criticize Bangladesh’s joining Chinese President Xi Jinping’s magnificent project – Belt and Road Initiative (BRI). India is desperately trying to stop or discourage Bangladesh from remaining in BRI, stating, it is a “debt trap”. But of course, Bangladeshi Prime Minister Sheikh Hasina does not listen to any undue advice from any country. She knows best – what is good for her country and her people. This is for the first time; Bangladesh has already emerged into a nation that has learnt to ignore any undue pressure or suggestions from any of its friends in the world. <p>During Sheikh Hasina’s recent China visit, several instruments were signed, which included five agreements, three memorandums of understating and a document – covering a range of sectors including power, investment, culture, tourism, and technology. Important among these is a Letter of Exchange under which China will provide Bangladesh with 2,500 metric tons of rice as an aid for the Rohingya refugees and two agreements that relate to China’s extension of loans worth US$ 1.7 billion for Bangladesh’s power sector. Although the amount of rice donated by China for the Rohingya refugees is just a fraction of the total requirement, still it showed the gesture of friendship and cordiality of China towards Bangladesh. It is well expected that in the future, China will play an important role in putting pressure of Myanmar in immediately resolving the longstanding Rohingya crisis and take their citizen back from Bangladesh.</p> <p>During Bangladeshi Prime Minister’s visit, Beijing also assured Dhaka that it would better align its projects under the Belt and Road Initiative (BRI) with Bangladesh’s development priorities.</p> <p>Bangladesh being an important member of the BRI since 2016 has received significant amounts of funding from China for infrastructural development projects. The two friendly countries signed 27 agreements for investments and loans worth around US$ 24 billion during Chinese President Xi Jinping’s visit to Dhaka in 2018. Together with the US$ 13.6 billion invested in joint ventures earlier, Chinese investment in Bangladesh is currently estimated at over US$ 38 billion, making China as Bangladesh’s single largest investor. This also makes Bangladesh the second-largest recipient of Chinese loans under BRI in South Asia.</p> <p>Of course, India, being the key rival of China has been desperately trying to stop Bangladesh from continuing its growing relations with China. Pro-Indian think tanks and media outlets in Bangladesh are spreading rumors and lies centering BRI thus projecting this excellent initiative as a “trap” of China.</p> <p>If we closely look into Bangladesh-China relations, it will be proved, Beijing has always been extremely sincere in maintaining a relationship with Dhaka, based on mutual respect and trust. Furthermore, China has never been hostile towards Bangladesh. There is growing relations between the two countries in the defense sector as well. But, some of the Indian think tanks and columnists are spreading lies with the ulterior motives of sabotaging the ever-growing Sino-Bangladesh relations. India wants to establish a monopoly in supplying defense hardware to Bangladesh as well as create the atmosphere of inter-military cooperation, despite the fact, Indian defense hardware is rather backward in comparing to the same from China. Moreover, India itself greatly depends on importing defense hardware from countries like Russia, the United States, and Israel.</p> <p>On the other hand, China not only is supporting Bangladesh in the defense sector, it also is Bangladesh’s largest trade partner and trade is growing rapidly. Two-way trade, which was worth $12 billion in 2014, is expected to exceed $30 billion by 2021. While trade is booming, there is a strong imbalance in favor of China.</p> <p>As mentioned above, Chinese investment in Bangladesh has been growing remarkably in recent years. Between 1977 and 2010, Beijing’s investment in Bangladesh totaled just $250 million. This rose to roughly $200 million in 2011 alone. In the wake of the BRI, China has emerged Bangladesh’s largest investor.</p> <p>Like other emerging economies, Bangladesh is anxious to develop its infrastructure. However traditional sources of funding have proved inadequate, driving Dhaka to look to the BRI and China to meet this need.</p> <p>China is playing an important role in Bangladesh’s infrastructure development. It has upgraded Chittagong port and is building an industrial park there. It is also constructing road and railway lines linking this Bay of Bengal port to Kunming in China’s Yunnan province. China has also built eight friendship bridges in Bangladesh, including the $3.7 billion road and rail bridge across the Padma River. Additionally, China is investing in a $1 billion project to improve digital connectivity. And China is investing heavily in Bangladesh’s power sector. Indeed, most of its investment in the 2018-19 fiscal year went into Bangladesh’s energy sector, particularly to coal-fired power plants, including those being constructed at Chittagong and Payra.</p> <p>For Bangladesh, joining BRI is being a huge benefit and once the project is implemented, Bangladesh’s economy will witness tremendous boom, with neighboring India’s economy struggling badly. We need to remember; Bangladesh currently is one of the fastest growing economies in the world. According to analysts, within next twenty years, our economic growth will cross most of the nations in the region, while millions of unemployed and struggling population in the West Bengal and northeastern part of India may at one stage revolt against their central policymakers for miserably failing in addressing issues such as unemployment.</p> </div> </div> </div> <div class="fl show-keywords_small"> <h2 class="t title-ff fwb fz18 black tr show-keywords-title p20 fl"> Keywords </h2> <div class="fr fz18 keywords"> <i class="iconfont icon-icon-down"></i> <a href="https://www.world-energy.org/search.html?keyword=belt and road">Belt and Road</a> <a href="https://www.world-energy.org/search.html?keyword=bangladesh">Bangladesh</a> </div> <div class="fr fz18 keywords"> <div class="fixedad ad mt10 mb30" style="width: 630px; padding: 0 0px; height: auto; overflow: hidden;" id="article_end"></div> </div> </div> </div> <div class="r fr"> <div class="fixedad ad mt10 mb30" style="width: 280px; padding: 0 20px; height: auto; overflow: hidden;" id="article_right_37"></div> <div class="sub-r-title fwb fz16 p20">Hot Ranking</div> <div class="top-views" style="height: auto; overflow: hidden;"> <a href="https://www.world-energy.org/article/2440.html" class="top-list"> <div class="img"> <img src="https://www.world-energy.org/uploadfile/2019/0923/20190923053503544.png"> </div> <div class="info"> <span class="fwb fz16 white tc">1</span> <h4 class="fz14">Speakers: Bangladesh must Negotiate More for BRI Opportunities</h4> </div> </a> <a href="https://www.world-energy.org/article/2448.html" class="top-list"> <div class="img"> <img src="https://www.world-energy.org/uploadfile/2019/0924/20190924014517583.png"> </div> <div class="info"> <span class="fwb fz16 white tc">2</span> <h4 class="fz14">BRI to Enhance Trade, Beef up Infrastructure</h4> </div> </a> <a href="https://www.world-energy.org/article/2441.html" class="top-list"> <div class="img"> <img src="https://www.world-energy.org/uploadfile/2019/0923/20190923054723519.jpg"> </div> <div class="info"> <span class="fwb fz16 white tc">3</span> <h4 class="fz14">Bangladesh, China and BRI</h4> </div> </a> <a href="https://www.world-energy.org/article/3778.html" class="top-list"> <div class="img"> <img src="https://www.world-energy.org/uploadfile/2019/1111/20191111055925186.jpg"> </div> <div class="info"> <span class="fwb fz16 white tc">4</span> <h4 class="fz14">Chinese Firm Helps Bangladesh Enhance Power Infrastructure</h4> </div> </a> <a href="https://www.world-energy.org/article/2439.html" class="top-list"> <div class="img"> <img src="https://www.world-energy.org/uploadfile/2019/0923/20190923051516210.png"> </div> <div class="info"> <span class="fwb fz16 white tc">5</span> <h4 class="fz14">Myanmar Tells China it’s Still Keen on BRI</h4> </div> </a> <a href="https://www.world-energy.org/article/2442.html" class="top-list"> <div class="img"> <img src="https://www.world-energy.org/uploadfile/2019/0923/20190923055154497.jpg"> </div> <div class="info"> <span class="fwb fz16 white tc">6</span> <h4 class="fz14">BRI: Risks and Opportunities for Bangladesh</h4> </div> </a> <a href="https://www.world-energy.org/article/2437.html" class="top-list"> <div class="img"> <img src="https://www.world-energy.org/uploadfile/2019/0923/20190923040806687.jpg"> </div> <div class="info"> <span class="fwb fz16 white tc">7</span> <h4 class="fz14">China: A Rocky Silk Road</h4> </div> </a> </div>  </div> </div> <div class="show-rela"> <div class="l fl p20"> <h2 class="t title-ff fwb fz20 black tr">More News</h2> </div> <div class="r fr"> <ul id="lists"> </ul> <div class="weui-loadmore" id="tips_loading"> <i class="weui-loading"></i> <span class="weui-loadmore__tips">Loading……</span> </div> <div class="page-tips" id="tips_none" style="display: none;"> <i class="iconfont icon-web__zanwujilu"></i><br/> No information at all </div> <input style="display: none;" type="button" class="channel-getmore" data-page="1" value="MORE"> </div> </div> </div> <footer class="mt30"> <div class="wapper"> <div class="fl mr35" style="margin-top: 8px;"> <img src="https://www.world-energy.org/statics/images/cpu/images/002.png"> <div style="margin-top: 20px; color: #fff; opacity: 0.7;"> <div style="text-align: center;"><strong><span style="font-size:8px;"><span style="font-family:微软雅黑;">Promoter </span></span></strong><strong style="font-size: 8px;">of World</strong><br /> <strong style="font-size: 8px;">Energy Cooperation</strong></div> </div> </div> <div class="nav_w"> <a href="https://www.world-energy.org/channel/11.html">Oil & Gas</a> <a href="https://www.world-energy.org/channel/10.html">Coal</a> <a href="https://www.world-energy.org/channel/12.html">Thermal Power</a> <a href="https://www.world-energy.org/channel/15.html">Solar</a> <a href="https://www.world-energy.org/channel/16.html">Wind Power</a> <a href="https://www.world-energy.org/channel/13.html">Hydropower</a> <a href="https://www.world-energy.org/channel/14.html">Nuclear Power</a> <a href="https://www.world-energy.org/channel/20.html">Power Grid</a> <a href="https://www.world-energy.org/channel/17.html">Hydrogen</a> <a href="https://www.world-energy.org/channel/18.html">Geothermal</a> <a href="https://www.world-energy.org/channel/21.html">Energy Storage</a> <a href="https://www.world-energy.org/channel/23.html">Energy Efficiency</a> <a href="https://www.world-energy.org/channel/22.html">New Energy Vehicles</a> <a href="https://www.world-energy.org/channel/31.html">Energy Economy</a> <a href="https://www.world-energy.org/channel/26.html">Climate Change</a> <a href="https://www.world-energy.org/channel/19.html">Biomass Energy</a> <a href="https://www.world-energy.org/channel/38.html">Video</a> <a href="https://www.world-energy.org/channel/27.html">Policy & Regulation</a> <a href="https://www.world-energy.org/channel/29.html">Exhibition & Forum</a> <a href="https://www.world-energy.org/channel/28.html">Organization</a> <a href="https://www.world-energy.org/channel/37.html">Belt and Road</a> </div> <div class="footer_about mt10"> <h3 class="t"><strong>Contact Us</strong></h3> <div class="c"> <p>TEL: +86-10-6399 0880<br /> E-mail: <a href="/cdn-cgi/l/email-protection#f98e968b959dd49c979c8b9e80d7968b9eb9968c8d95969692d79a9694"><span class="__cf_email__" data-cfemail="572038253b337a32393225302e79382530173822233b38383c7934383a">[email protected]</span></a><br /> <strong><u><a href="https://www.world-energy.org/list-92-1.html">About Us</a></u></strong>       <strong><u><a href="https://www.world-energy.org/list-95-1.html">Disclaimer</a></u></strong></p> <p> </p> <p><strong>Link:</strong><br /> <a href="https://www.wedoany.com/">wedoany.com</a><br /> <a href="http://www.nengyuanjie.net/">nengyuanjie.net</a><br /> <a href="https://climatetechreview.com/">ClimateTechReview</a></p> <p> </p> </div> </div>  </div> <div class="copyfrom"> 2020 World - Energy Media. All rights reserved </div> </footer> <script data-cfasync="false" src="/cdn-cgi/scripts/5c5dd728/cloudflare-static/email-decode.min.js"></script></body> </html> <script type="text/javascript">var APP_PATH = "https://www.world-energy.org/";</script> <script type="text/javascript" src="https://www.world-energy.org/statics/images/cpu/js/easytpl/libs/layui/layui.js"></script> <script type="text/javascript" src="https://www.world-energy.org/statics/images/cpu/js/easytpl/js/common.js?v=318"></script> <script type="text/javascript" src="https://www.world-energy.org/statics/images/cpu/js/jquery.min.js"></script> <script language="javascript" type="text/javascript" src="https://www.world-energy.org/statics/js/formvalidator.js" charset="UTF-8"></script> <script language="javascript" type="text/javascript" src="https://www.world-energy.org/statics/js/formvalidatorregex.js" charset="UTF-8"></script> <script type="text/javascript" src="https://www.world-energy.org/statics/images/cpu/js/js.js"></script> <script type="text/javascript" src="https://www.world-energy.org/statics/images/cpu/js/SuperSlide/jquery.SuperSlide.2.1.1.js"></script>  <script type="text/javascript"> jQuery(".roll-fold").slide({mainCell:".bd ul",effect:"fold",autoPlay:true,interTime:5000}); $(function(){ $('.fixedad').each(function(){ var pos = $(this).attr('id'); $.getJSON('https://www.world-energy.org/index.php?m=adver&c=index&a=get_fixed_ad&jsoncallback=?',{pos:pos},function(data){ if(data.html != ''){ $('#'+pos).html(data.html); if( $('#'+pos).attr('data-addclass') ){ $('#'+pos).addClass( $('#'+pos).attr('data-addclass') ); } } }); }); }); </script><script type="text/javascript"> $(function(){ $('.content img').each(function(){ $(this).removeAttr('style').removeAttr('height'); var alt = $(this).attr("alt"); if( alt && alt.length > 1 ){ var str = '\ <em class="img-alt">\ <i class="iconfont icon-arrLeft-fill"></i>\ '+alt+'\ </em>\ '; $(this).after(str); } }); get_rela(); $(document).on('click','.channel-getmore',function(){ get_rela(); }); }); function get_rela(){ var that = $('.channel-getmore'); that.val('Loading……').attr('disabled','disabled'); var page = that.attr('data-page'); var data = { page:page, id:'2441', num:8 }; $.ajax({ url:'https://www.world-energy.org/index.php?m=cpu&c=index&a=get_rela_news', data:data, type:'post', dataType:'json', success:function(res){ if(res.type == 'success'){ if(res.data == ''){ if( page == 1 ){ $('#tips_none').show(); $('#tips_loading').hide(); that.remove(); }else{ that.val('No information at all'); } }else{ $('#tips_none').hide(); $('#tips_loading').hide(); var str = ''; for (i in res.data){ if( res.data[i].thumb ){ str += '\ <li>\ <a href="'+res.data[i].url+'" '+res.data[i].rel+' class="box-mid-rela href fl">\ <div class="pic"><img src="'+res.data[i].thumb+'"></div>\ <h3 class="fz18 black m5">\ '+res.data[i].title+'\ </h3>\ </a>\ </li>\ '; /* str += '\ <li>\ <a href="'+res.data[i].url+'" class="box-mid href fl">\ <div class="pic"><img src="'+res.data[i].thumb+'"></div>\ <h3 class="fz18 black m5">\ '+res.data[i].title+'\ </h3>\ <span class="box_desc m5" style="line-height:20px;">\ '+res.data[i].description+'\ </span>\ </a>\ </li>\ '; */ }else{ str += '\ <li>\ <a href="'+res.data[i].url+'" '+res.data[i].rel+' class="box-mid-rela href fl">\ <h3 class="fz18 black m5" style="line-height:20px;">\ '+res.data[i].title+'\ </h3>\ </a>\ </li>\ '; /* str += '\ <li>\ <a href="'+res.data[i].url+'" class="box-mid href fl">\ <h3 class="fz18 black m5" style="line-height:20px;">\ '+res.data[i].title+'\ </h3>\ <span class="box_desc m5">\ '+res.data[i].description+'\ </span>\ </a>\ </li>\ '; */ } } $('#lists').append(str); that.val('Get More').removeAttr('disabled'); that.attr('data-page',parseInt(that.attr('data-page')) + 1); } }else{ weui.topTips(res.message); } } }); } </script>

CINXE.COM

Bangladesh, China and BRI - World-Energy