Oct 2016 : China’s President Xi Jinping landed in Dhaka on Friday marking the first visit by a Chinese head of state to Bangladesh in 30 years.
Chinese state-media heralded the visit as a diplomatic “milestone” of “historic significance,” as the two countries will sign at least 21 agreements amounting to nearly $40 billion investment in Bangladesh.
The deal comes after of a series of investments made by Chinese companies in Bangladesh in the past several months — including a $1.1 billion deal signed this week by Chinese cable manufacturer Jiangsu Etern Co. to strengthen the South Asian country’s power grid, and a $3.1 billion deal by China Railway Group to build nearly 170 km of railroads connecting the capital Dhaka to southwestern cities.
Xi is on a diplomatic tour that began in Cambodia and will culminate in a visit to India, during which he will attend the BRICS Summit in Goa.
The deal comes after of a series of investments made by Chinese companies in Bangladesh in the past several months — including a $1.1 billion deal signed this week by Chinese cable manufacturer Jiangsu Etern Co. to strengthen the South Asian country’s power grid, and a $3.1 billion deal by China Railway Group to build nearly 170 km of railroads connecting the capital Dhaka to southwestern cities.
Xi is on a diplomatic tour that began in Cambodia and will culminate in a visit to India, during which he will attend the BRICS Summit in Goa.
searches in association with economistchina.net
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