China and Bangladesh reaffirm their ties as territorial and economic issues rise in region

Date:

Share post:


BEIJING — China and Bangladesh are reaffirming their ties during a visit by Bangladesh Prime Minister Sheikh Hasina to Beijing on Tuesday as tensions rise in the region over territorial disputes and resources.

China’s official Xinhua News Agency quoted Wang Huning, a member of China’s Politburo Standing Committee who met with Hasina, as saying that “China and Bangladesh have respected and treated each other with equality, setting a good example of friendly coexistence and mutually beneficial cooperation between countries.”

Bangladesh occupies a strategic position between Myanmar, a longtime Chinese ally now wracked by internal conflict, and India, the rising Asian giant with which China has a longstanding border conflict.

Hasina met with her Chinese counterpart, Li Qiang, on Tuesday and oversaw the signing of 28 agreements between the countries covering mostly trade and investment.

While Bangladesh maintains development partnerships with the United States and India, it is also drawing closer to China, which is heavily engaged in the country’s major infrastructure projects.

Hasina is eager to strengthen relations to encourage Chinese investment in her country’s economy, which faces challenges over a heavy debt burden. China also provides Bangladesh with tanks, missile launchers and other weapons and is building seaports, railway tracks, power plants and bridges. The U.S. remains Bangladesh’s largest source of foreign direct investment.

Hasina’s visit to China is taking place a few weeks after she visited India, demonstrating her plans for a partnership with both neighbors in the face of growing interest by the U.S. in the Indo-Pacific region.

While the U.S. and European countries pressured Hasina’s administration to hold free and fair elections in January, China openly sided with Hasina. China has also showed a willingness to help Bangladesh’s economy as it faces dwindling foreign currency reserves.

Media reports in Bangladesh say it will seek $20 billion in new loans from China during Hasina’s visit.

Concerns have risen over China’s border tensions with India, the Chinese military’s expansion into the South China Sea and Indian Ocean, fighting in neighboring Myanmar and China’s control of water resources in the Himalayas that affects agriculture in Bangladesh and neighboring countries.

___

Associated Press writer Julhas Alam in Dhaka, Bangladesh, contributed to this report.



Source link

Lisa Holden
Lisa Holden
Lisa Holden is a news writer for LinkDaddy News. She writes health, sport, tech, and more. Some of her favorite topics include the latest trends in fitness and wellness, the best ways to use technology to improve your life, and the latest developments in medical research.

Recent posts

Related articles

Trump will soon be able to sell shares in Truth Social's parent company. What's at stake?

NEW YORK -- For all the debate about just how rich former President Donald Trump is, one...

Hundreds of pagers exploded in Lebanon and Syria in a deadly attack. Here's what we know.

NEW YORK -- In what appears to be a sophisticated, remote attack, pagers used by hundreds of...

Kroger and Albertsons prepare to make a final federal court argument for their merger

PORTLAND, Ore. -- The federal government urged a U.S. District Court judge on Tuesday to temporarily block...

Cyprus approves electricity cable to link its power grid with Greece's

NICOSIA, Cyprus -- NICOSIA, Cyprus (AP) — Cyprus has given the green light for construction of a...

Railroads and regulators must address the dangers of long trains, report says

OMAHA, Neb. -- As freight trains have grown ever longer, the number of derailments related to the...

Instagram makes teen accounts private as pressure mounts on the app to protect children

Instagram is making teen accounts private by default as it tries to make the platform safer for...

How small businesses can recover from break-ins and theft

Break-ins and thefts can happen at any small business, no matter how tight the security. In the...

US retail sales ticked up last month in sign of ongoing consumer resilience

WASHINGTON -- Americans spent a bit more at retailers last month, providing a small boost to the...