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

Kuwait bans 'Call of Duty: Black Ops 6' video game, likely over it featuring Saddam Hussein in 1990s

DUBAI, United Arab Emirates -- The tiny Mideast nation of Kuwait has banned the release of the...

China has deported a VW executive for allegedly using drugs while in Thailand

BEIJING -- A senior executive for Volkswagen in China has been deported for allegedly using cocaine and...

Miners are razing forests to meet surging demand for metals and minerals, report says

JAKARTA, Indonesia -- Whether it's digging for metals and minerals for cellphones and electric vehicles or coal...

Villagers are wary of plans to dam a river to ensure Panama Canal's water supply

EL JOBO, Panama -- A long, wooden boat puttered down the Indio River’s chocolate waters carrying Ana...

Boeing is expected to report a big Q3 loss, then wait for results of vote by striking workers

EVERETT, Wash. -- Wednesday is shaping up as one of the most significant days in a volatile...

The little airline that could — Lebanon's national carrier braves Israeli airstrikes

BEIRUT -- Since Israel began bombarding Beirut's southern suburbs as part of its offensive against the Hezbollah...

Cuba fights to come back from a nationwide blackout, then a storm that killed 7

HAVANA -- A small town in Cuba was recovering Tuesday from flooding that killed at least seven...

Starbucks reports weak quarterly results despite the arrival of Pumpkin Spice Latte season

It’s been a disappointing start to Pumpkin Spice Latte season for Starbucks.The Seattle coffee giant on Tuesday...