Chinese Enterprises Cooperate With Bangladesh To Open Up Market Continuously

In recent years, Bangladesh's economy has maintained rapid growth, with an average annual economic growth rate of over 6%.

According to Li Guangjun, counselor of the Chinese Embassy in Bangladesh, the prosperous development prospects, stable political environment and good international credit standing make Bangladesh one of the ten most foreign direct investment destinations favored by investors in the Asia Pacific region.

Bangladesh is not only a vibrant economy but also an important country along the "one belt and one way" construction and the Sino Bangladesh India Myanmar regional interconnection project.

As the level of interconnection between China and Bangladesh increases and productivity cooperation deepens, Chinese enterprises will go out of a wider and wider road in Bangladesh, not only to promote closer economic and trade ties between the two countries, but also to benefit the two peoples.

Bangladesh attracts more and more people.

Thanks to its advantages: first of all, Bangladesh's human resources have strong attraction.

Bangladesh has a population of about 170 million, with a high proportion of young people in its age structure, and Bangladesh has the characteristics of high English penetration, strong learning ability and hard working.

At present, Chinese companies are investing in Bangladesh.

Not only has the company achieved good economic benefits, it has also brought a lot of employment opportunities to the local community.

At present, the demographic dividend of Bangladesh has not yet been fully released. In the coming period, the strength of the labour force will become a major driving factor for Bangladesh's economic growth.

In addition, the population with large volume and low age can also maintain a more active consumer market in the long run.

Second, excellent credit repayment and debt paying credibility make Bangladesh uniquely competitive in South Asia.

Foreign exchange reserves in Bangladesh are US $3 billion 100 million, second only to India in South Asian countries.

In addition, the Bangladesh government has taken the economic development as the main task, and attaches great importance to the cultivation of business environment and investor confidence.

Li Guangjun counselor said that as a Chinese company in Bangladesh

Representative projects in the field, the total investment of $about 3000000000, has been funded by the Bangladesh government. It has not relied on the financing of the international financial institutions, nor has there been any problems such as arrears of projects. In the construction projects of the loan, Bangladesh can also repay the debt on time, providing a practical guarantee for the interests of investors.

Finally, there is great potential for capacity cooperation in line with local conditions.

In addition to the garment manufacturing industry, Bangladesh has a very weak foundation for heavy industry, and serious shortage of pportation infrastructure and energy and electricity supply, resulting in a big bottleneck in its economic development. In general, it is at the low end of the value chain, and the low added value of its exports restricts its further economic growth.

Bangladesh is the world's largest exporter of jute, but its scale of foreign exchange is only a few billion dollars.

China has advanced jute production and processing technology. By investing in the Bengal jute industry, it can help significantly increase its industrial added value.

In addition, Bangladesh is facing similar situations in leather processing, food processing, pharmaceutical and other fields. It is eager to promote the international competitiveness and foreign exchange earning ability of products through the introduction of external advanced technology.

Bangladesh is now committed to promoting economic development from factor driven to productivity driven. Chinese enterprises are actively welcomed by Bangladesh to take advantage of capital and technology advantages to actively participate in Sino German capacity cooperation.