Home Minister Asaduzzaman Khan (third from right) cutting a ribbon to formally inaugurate a photo exhibition on the sidelines of a seminar on "Learn Our Pattern - the Achievement of the 70 Years of PRC," organised by Bangladesh-China Silk Road Forum at a city hotel on Saturday. Ambassador of the People's Republic of China Li Jiming (third from left) is also seen, among others — FE photo Chinese successes in poverty alleviation, industrialisation and creation of market for social interest could help Bangladesh in fulfilling its aspiration for inclusive socioeconomic growth, experts said on Saturday.
Hailing the strengthening bilateral relationship between the two countries, they said Bangladesh's engagement with Chinese flagship project BRI (Belt and Road Initiative) would bring equal benefits for both the nations through higher economic growth.
Terming Beijing a close friend of Dhaka, they sounded optimistic over China's mediator role in resolving the Rohingya crisis which came as a serious blow to Bangladesh.
The observations came at a seminar on Learn Our Pattern-the Achievement of the 70 Years of People's Republic of China' hosted by the Bangladesh China Silk Road Forum at a city hotel.
Home Minister Asaduzzaman Khan and Chinese ambassador Li Jiming were present as the chief guest and special guest respectively.
Speaking at the seminar, Professor MM Akash of Dhaka University gave full credit to the Chinese market socialism for the success of the socialist state.
He said the essence of the market socialism is they use market for developing productive sources and simultaneously control market for national or social interests.
"These two types of tactics -- using market and regulating market -- give us a good example to follow for our country," he said.
The economist said China can go ahead with its development missions amid the challenges imposed
by the trade war as it has a number of leverages.
State-owned sovereign welfare fund worth US$ 1.2 trillion and huge foreign exchange reserve amounting to US$ 3.0 trillion are the two factors that may provide cushion against the US trade war, he added.
Noted journalist Reazuddin Ahmed said poverty alleviation is the major success of China in pulling millions of poor and ultra poor people out of poverty.
"The lesson could be useful for Bangladesh," he said before thanking China for making check and balance in the unipolar world led by a group of developed countries.
Terming the Rohinya issue very critical for Bangladesh, he also sought Chinese active cooperation in repatriation of the Rohingya refugees.
Speaking as the chief guest, Home Minister Asaduzzaman Khan said the BRI provides new opportunities for regional connectivity and economic integration.
"Bangladesh expects our Chinese friends have realised the importance of early, safe and dignified return of displaced Myanmar nationals through consolidation for peace and stability in the region," he said.
As a special guest, Chinese ambassador Li Jiming said Bangladesh's role in the BRI is irreplaceable and China expects more active role of the country in the initiative.
"Bangladesh is among the first countries to jump on board the BRI; it is not only one of the important partners of China to jointly build the BRI, but also one of the first countries to benefit from the initiative, whose role in the BRI is irreplaceable," the Ambassador told the seminar.
Mr Liming expressed the hope that Bangladesh could follow its unique path of development to go on to create "Bangladeshi miracles" of its own. "China is ready to share more experiences in relevant areas and to further support Bangladesh's development," he added.
He made it clear that China is eager to join hands with Bangladeshi people to materialise the development visions of both the countries.
Presenting the keynote paper, Shahiduzzaman Khan, the forum's secretary general and executive editor of The Financial Express, said China is continuing infrastructure development and accelerating innovations. Policy support for domestic consumption and willingness to consume are growing stronger.
"All these provide an impetus to the Chinese economy, which has not been negatively affected by the trade war" he said.
Former minister and the forum's chairman Dilip Barua mentioned various successes the Chinese achieved over the last seven decades, saying that Bangladesh can take so many lessons from China for building a prosperous and economically sound economy.
"We're grateful to Chinese government for taking active role to solve the Rohingya issue. We are expecting that the problem will be solved as quick as possible," he added.
Ambassador Munshi Faiz Ahmed, Awami League leader Mozaffar Hossain Paltu and Jatiya Party lawmaker Lt Gen (Rtd) Masud Uddin Chowdhury also spoke the discussion.
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