China to sign record US$25 billion in loans to Bangladesh

Discussion in 'China' started by Hidden, Oct 15, 2016.

  1. Hidden

    Hidden Regular Member

    Joined:
    Oct 15, 2016
    Messages:
    20
    Likes Received:
    6
    China to sign record US$25 billion in loans to Bangladesh :biggrin2:
    President Xi's visit heralds timely assistance for infrastructure projects which have been languishing for nearly a decade due to lack of funds

    By Syed Tashfin ChowdhuryDHAKA, October 14, 2016 3:32 PM (UTC+8)
    [​IMG]
    The streets of Dhaka adorned with posters of Chinese President Xi Jinping and Bangladesh Prime Minister Sheikh Hasina and the flags of the two nations -- Photo credit Shamin Ahmed
    Chinese President Xi Jinping arrived in Dhaka to a red carpet welcome on Friday amid expectations of a record US$25 billion in loan agreements involving over 25 projects being signed between the two countries.

    Most of the deals will support major infrastructure projects in Bangladesh which have been languishing for nearly a decade due to lack of funds, although Foreign Minister Abul Hassan Mahmood Ali declined to divulge details.

    However, on the eve of Xi’s visit, a planning ministry secretary told Asia Times: “Some of the prestigious infrastructure projects that may to get loans include the Padma Bridge rail link project (US$2.57 billion), the Dhaka-Chittagong Railway project (US$ 3.03 billion), Sitakundu-Cox’s Bazaar Marine drive expressway and coastal protection (US$2.85 billion) and the four-lane Dhaka-Sylhet high way project (US$1.6 billion).”

    The DailyBrief

    Must-reads from across Asia - directly to your inbox

    The proposed 169 kilometer Padma Bridge rail link will be constructed in four sections connecting central Bangladesh with the south of the country.

    The Dhaka-Chittagong railway project will include a double-track standard-gauge railway line between Dhaka and Chittagong cutting travel time by three hours.

    The Dhaka-Sylhet Highway project will see the upgrade of a 226-kilometer highway from Kanchpur to Sylhet. As a part of the upgrade, 60 small bridges, four flyovers and 27 box culverts will also be built on the highway.

    The 160-kilometer Marine Drive Expressway will eventually connect with the Asian Highway-41 and the Bangladesh–China–India–Myanmar (BCIM) Economic Corridor.

    The official said other projects earmarked for Chinese support are in “the communications, power, fuel, and information technology sectors.”

    Calls Asia Times to the Chinese embassy in Dhaka went unanswered.

    In contrast to record loan agreements, India extended a US$2 billion credit line to Bangladesh during the visit of Prime Minister Narendra Modi to Bangladesh in March 2016.

    Xi’s Bangladesh visit is also significant as the first by a Chinese president to Bangladesh in 30 years.

    Speaking to Chinese news agency Xinhua, Bangladeshi premier Sheikh Hasina said on Wednesday: “China has become our largest trading partner and we consider it a trusted partner in realizing our dreams. China is the leading generator of many of our mega-projects in terms of finance, capitalization and technology.”

    Ahead of Xi’s visit, China’s ambassador in Dhaka Ma Mingqiang said Chinese investment in Bangladesh would increase significantly.

    Commenting on Xi’s visit, international expert Dr. Delwar Hossain told Asia Times: “Dhaka and Beijing’s bilateral ties are already strong. After this visit, this will reach the next level.”

    Hossain, associate professor for the Department of International Relations at the University of Dhaka, added: “Through the visit and the said loan deals … China is considering Bangladesh as a strong bilateral partner in mutual economic growth. From Bangladesh’s end, most of the infrastructure projects have been languishing for seven to eight years. It is great we are getting the funding at a right time.”

    Security was beefed up from Thursday ahead of Xi’s visit. The stretch of road which leads to Le Meridien, the hotel where he will be staying, has been closed to traffic for 24 hours from 10am on Friday.

    http://www.atimes.com/article/china-sign-record-us25-billion-loans-bangladesh/
     
  2.  
  3. Hidden

    Hidden Regular Member

    Joined:
    Oct 15, 2016
    Messages:
    20
    Likes Received:
    6
  4. sorcerer

    sorcerer Senior Member Senior Member

    Joined:
    Apr 13, 2013
    Messages:
    6,203
    Likes Received:
    5,119
    Location:
    India
    Good!!
    BCIM corridor is gonna be live now in the near future as a viable alternative to CPEC.
     
    Indx TechStyle likes this.
  5. sorcerer

    sorcerer Senior Member Senior Member

    Joined:
    Apr 13, 2013
    Messages:
    6,203
    Likes Received:
    5,119
    Location:
    India
    Good!!
    BCIM corridor is gonna be live now in the near future as a viable alternative to CPEC.
     
  6. Hidden

    Hidden Regular Member

    Joined:
    Oct 15, 2016
    Messages:
    20
    Likes Received:
    6
    You chump, it’s a simply loan to stabilize economy of Bangladesh, no one can counter CPEC a game changer considered by whole world, even your so called Chabahar Port is dysfunctional, and Iran is joining CPEC, and soon Bangladesh will after this loan. :bounce:
     
  7. airtel

    airtel Senior Member Senior Member

    Joined:
    Dec 25, 2015
    Messages:
    1,142
    Likes Received:
    1,655
    it is very good for India .........................it will stop Bangladeshi Migration in India & provide alternative route to connect North east India to bay of Bengal ...................India is also making a port in bangladesh .
     
    TheSeeker likes this.
  8. airtel

    airtel Senior Member Senior Member

    Joined:
    Dec 25, 2015
    Messages:
    1,142
    Likes Received:
    1,655
    before the completion of CPEC pakistaan will be divided into 4 small countries ....................

    #Free_Balochistaan
    #Free_Sindhudesh
    #free_pakhtoonistaan
     
    TheSeeker and aditya10r like this.
  9. sorcerer

    sorcerer Senior Member Senior Member

    Joined:
    Apr 13, 2013
    Messages:
    6,203
    Likes Received:
    5,119
    Location:
    India
    You chimp..carry on with your mental masturbation on CPEC..

    china is a nation who has a lot of PLAN B unlike pakistan who has only PLAN A which is disfunctional and dependent on china.



    Not just Iran..even India was offered CPEC by china .. remember?!!

    If India joins..Bangladesh will have access to CPEC..but for all that to happen pakistan will have to stop cross border terrorism.
    This is exactly what china is telling pakistan on CPEC to stop terrorism and make it safe for investment..or that it will move out.

    Beijing concerned over increasing cost of security of CPEC: Chinese state media
    China is concerned over “increasing cost of security” and “potential setbacks” in the development of the USD 46 billion China-Pakistan Economic Corridor, a state-run daily said on Tuesday, acknowledging that the ambitious project would not be a “plain sailing” for the two countries.

    An article in the Global Times said the project - that passes through Pakistan-occupied Kashmir - faced risks due to a “complex regional environment”. It also referred to the reported deployment of 14,503 security guards by Pakistan to protect the 7,036 Chinese nationals working on the corridor.

    Questions raised over fate of Gwadar port
    He said the government was utilising its resources for upgrade of the existing port of Karachi instead of developing the partly constructed Gwadar port. “The government’s claim regarding completion of the Gwadar port is mere eyewash,” he said.

    http://defenceforumindia.com/forum/threads/cpec-china-pakistan-economic-corridor.69883/page-9
    Chinese firm bows out of coal-based power project
    ISLAMABAD: A major Chinese firm has bowed out of a Punjab-based 330MW coal-based power project that was scheduled to start electricity production by end-2017.

    The $590 million mine-mouth project was a key component of the high profile $46 billion China-Pakistan Economic Corridor (CPEC) launched last year by President Xi Jinping and Prime Minister Nawaz Sharif. A letter of interest (LoI) was issued to develop the project on local coal at Pind Daden Khan in Punjab’s Salt Range.

    So far...the investment that is pledged (45 Billion) compared to what is realized on the ground is very less.
    china knows where to have "Safe investment"

    Anyway..we have a seperate thread for CPEC!!!

    Wait and watch how it all will turn on CPEC ..lets not be quick to claim and counter claim.!
     
  10. sorcerer

    sorcerer Senior Member Senior Member

    Joined:
    Apr 13, 2013
    Messages:
    6,203
    Likes Received:
    5,119
    Location:
    India
    Absolutely Sir,
    china has already warned pakistan in public to stop supporting terrorism to ensure safety of CPEC...
    and

    If I am right, there was a talk that china reduced the investment on CPEC from 45 billions to 115 Millions or 155 Millions..
    Whatever..
    That shows that china is working on some serious alternatives.
    I have posted that on the CPEC thread some time back..couldnt flip the pages back enough to find that on that thread!

    china has already asked India to join CPEC..that means china has no much issues in India joining its projects..so BCIM is a viable alternative if we look at that way.
     
  11. vayuu1

    vayuu1 Regular Member

    Joined:
    Sep 24, 2015
    Messages:
    393
    Likes Received:
    374
    So wait, did I hear right Chinese do not have any problem if India joins it's projects, right? What happened to deeper and bigger friendship, the all weather friendship.

    Sent from my SM-N900 using Tapatalk
     
  12. sorcerer

    sorcerer Senior Member Senior Member

    Joined:
    Apr 13, 2013
    Messages:
    6,203
    Likes Received:
    5,119
    Location:
    India
    chinese are business men..and business men run commie party of china. In front of business needs everything else can wait for china..
    china has already asked India to join in Colombo project.
    Call the bluff of china and china will behave and deal.

    They dont want to put investment in some hell hole like pakistan where they are not sure to get returns at a faster pace so that they can make the most of it and Scoot..
    (them chinese company moving away from power project in pakistan says that same thing, they dont want to keep the investment in pakistan for long!!)


    If you have noticed whats coming out of chinese media..china is repeating same thing, its asking India to "keep differences aside and work together for economy and prosperity"
    In layman term "Lets work together now as chinese economy is slowing down and we need mucho money..so lets keep the other things aside and talk business"

    So yes..business comes first for china and the rest will be dealt later.(but thats china!! the forked tongue should never be forgotten)
     
  13. Bengal_Tiger

    Bengal_Tiger Regular Member

    Joined:
    Nov 22, 2015
    Messages:
    189
    Likes Received:
    450
    1. Pakistani nationalists on the internet have sought joy in this news, not due to any genuine interest in Bangladesh's progress but they view this as a "defeat" (somehow) for India.

    Why would India be upset with Bangladesh's economy improving? In fact that's good news for India to have a stable more prosperous region and neighbourhood and good news for Indian businessmen.

    Unlike faraway Pakistan, India does in fact have a direct border with Bangladesh and is in more of a position to trade with a more prosperous Bangladesh.




    2. Pakistani nationalists were fed lies and propaganda in 1971 about how they were winning on the battlefield, even days before December 16th. So to their surprise the "victorious" Pakistani army mysteriously and suddenly lost on December 16th, a shock to them as their propaganda machine had been telling them they were winning.

    Likewise their propaganda machine tells them that the default Bangladeshi position viz a viz Pakistan, a state which committed one of the worst genocides of the 20th century, is "affection".

    That somehow if a Bangladesh deviates from this supposed "default" position, then he is a Hindu RAW/CIA agent.

    In the Pakistan-wala (Pakistani nationalist) mind they have no common sense to realize that naturally as Pakistan committed genocide in Bangladesh, many/most Bangladeshis dislike the Pakistani military and regime.

    Anyway Pakistan-walas have been brainwashed in to saying that any Dhaka government which does not do what Pakistan wants is an "Indian puppet state".

    So going by this "logic", why are Pakistani nationalists celebrating what is a tremendous diplomatic feat for the anti-Pakistani government of Hasina Wajid?
     
  14. Nicky G

    Nicky G Senior Member Senior Member

    Joined:
    Nov 24, 2014
    Messages:
    1,382
    Likes Received:
    1,232
    Location:
    NA
    Great for BD. What are the payment terms like? BD is definitely more self-respecting than Terroristan, so hope they have sought their best interests out.

    Chinese economic investment is of no concern to us (as long as its not through an illegally occupied territory).
     
    TheSeeker and sorcerer like this.
  15. ezsasa

    ezsasa Senior Member Senior Member

    Joined:
    Jul 12, 2014
    Messages:
    3,541
    Likes Received:
    3,066
    Location:
    Hyderabad, Andhra Pradesh, India
    What pakis don't seem to get is that, we welcome investment in Bangladesh because they know how to utilise the loans. Given the size of population they have a lot of potential to grow.
     
    sorcerer likes this.
  16. sorcerer

    sorcerer Senior Member Senior Member

    Joined:
    Apr 13, 2013
    Messages:
    6,203
    Likes Received:
    5,119
    Location:
    India
    Unlike faraway Pakistan, India does in fact have a direct border with Bangladesh and is in more of a position to trade with a more prosperous Bangladesh.:clap2:

    In the Pakistan-wala (Pakistani nationalist) mind they have no common sense to realize that naturally as Pakistan committed genocide in Bangladesh, many/most Bangladeshis dislike the Pakistani military and regime.:clap2:



    :D
    Thats pakistan and china media.
    Have you seen any other state run media use the word "JEALOUS" in their headlines?
    One state run media was reporting : India should not feel "JEALOUS" about china investing in Bangladesh!!..
    :pound::pound:
    .
    That shows how bitchy and unprofessional certain state media are. State run media of relevant Nations like china should speak "substance" and not toe the substandard lines to appease pakistan which is basically a slave of china.

    Those lines clearly say out loud the kind of Psych than the genuine interest in region.
     
  17. sorcerer

    sorcerer Senior Member Senior Member

    Joined:
    Apr 13, 2013
    Messages:
    6,203
    Likes Received:
    5,119
    Location:
    India
    Yes..Bangladesh already has a foreign reserve and economy better than pakistan.
    They just need to clamp down on ISI sponsored events in Bangladesh and progress by utilizing the potential and energy of the youth
     
  18. Bengal_Tiger

    Bengal_Tiger Regular Member

    Joined:
    Nov 22, 2015
    Messages:
    189
    Likes Received:
    450
    1. The Chinese are clever and sensible people and run by smart people not like the Pakistan-worshipping Chinese trolls you see on defence pk and elsewhere, who yearn for a Pakistani-puppet regime in Dhaka as was the case with the BNP-Jamaat coalition.

    The Chinese government don't seem to be too keen on the Kashmiri separatists who like the Uighur separatists in China have an Islamist streak to them and want to break away from a non-Muslim majority state.They obviously don't say this openly but there's no great support either for the Kashmiri separatists.

    2. The Pakistanis care very little for Bangladesh or even know much about our country apart from their own self-centred, egotistical Pakistani-centric views and ideas.

    Bangladesh must hate India just as Pakistan does, and Bangladesh must love Pakistan and anyone who doesn't is a Hindu RAW/CIA agent.

    They view Bangladesh primarily through the prism of the Indo-Pak rivalry.

    An economically successful Bangladesh just reinforces the validity and triumph of 71.

    In sum this is good news for India who benefits from a prosperous neighbour right next door and bad news for Pakistan as the Hasina government gets stronger.
     
    TheSeeker and sorcerer like this.
  19. Bengal_Tiger

    Bengal_Tiger Regular Member

    Joined:
    Nov 22, 2015
    Messages:
    189
    Likes Received:
    450
    1. Their economy is bigger than ours but ours will overtake them in the next few years to a decade.

    2. In 2009 the ISI network was weakened heavily in Bangladesh (not something on official media only those in the know have this information) and Jamaat are weakened massively too. Hasina according to most will be in power for at least 7-8 years and pro-Pakistan forces will continue to get weakened in that time.

    By then due to the socio-economic changes and the integration of the Bangladeshi economy with both India and China, pro-Pakistan/fundamentalist forces in Bangladesh will be too weak and completely incapable of demanding destabilization of India on behalf of Rawalpindi or undermining relations with India.

    It's like how Bangladesh is too reliant on Saudi Arabia for any government be they right-wing or left-wing like Hasina's to be hostile to Saudi, despite the existence of elite secularists in the Awami League.
     
    sorcerer and aditya10r like this.
  20. IndianHawk

    IndianHawk Regular Member

    Joined:
    Sep 24, 2016
    Messages:
    619
    Likes Received:
    696
    Prosperous Bangladesh ==less migration into India.
    Better infrastructure in BD== more trade with India.
    More Chinese money== Bangladesh can start new projects with its own money that India can stake into.

    It can become Indias gateway to ASEAN .

    Meanwhile they will keep hanging Islamic terrorists traitors with chinese made ropes:biggrin2:
     
  21. Bengal_Tiger

    Bengal_Tiger Regular Member

    Joined:
    Nov 22, 2015
    Messages:
    189
    Likes Received:
    450
    Make no mistake, we are both "brown", south Asian, "desi" people to the west and others and to see us fight over religion makes them laugh.

    1. The world is going to the east and trade is moving away from the west and India, China, Bangladesh all need to cash on that. If Rawalpindi generals want to live in a time-warp and have frozen relations with India over Kashmir that is their loss.

    We in Bangladesh will move on and live in the real world and do business with India and China.


    2. This investment also reminds many in the Muslim world, who due to Pakistani/Jamaati lobbying and propaganda have a pro-Pakistan/Jamaat and thus slightly anti-Bangladeshi attitude, e.g. in Saudi Arabia, Turkey, Iran etc that we are not reliant on them and we are part of an important vibrant economic region.

    The Saudis (until the past few years big supporters of Jamaatis) have in real terms invested nothing major in Bangladesh, same with the UAE and the Turks have been trying to act big and gain status by supporting convicted war criminals.

    We don't need these guys, China is investing at least $25 billion (actually probably far more) and it shows Turkey, Saudi Arabia how important we are and that we are not weak so they better leave us alone.
     
    ezsasa and DingDong like this.

Share This Page