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President for massive Chinese investment in Bangladesh

Monday, 23 March 2009


President Zillur Rahman Sunday underscored the need for massive Chinese investment in Bangladesh, especially in textile, agro-processing, energy and power, pharmaceutical, communications and infrastructure development, to reduce the existing huge trade imbalance between the two countries, reports UNB.
He made the suggestion when newly appointed Chinese Ambassador to Bangladesh Zhang Xianyi presented his credentials to the President at Bangabhaban in the city.
President Zillur Rahman welcomed the new envoy, saying that "Bangladesh attaches high importance to her relations with China".
Terming China as a trusted partner in Bangladesh's overall economic development, he reaffirmed Bangladesh's support to the 'One-China' policy, which does not recognise Taiwan as a separate country.
Mentioning Chinese Government's support in different development fields in Bangladesh, including constructing five friendship bridges and the Bangladesh-China Friendship Conference Centre, the President sought Beijing's support for establishing the planned cross-border 'Bangladesh-Myanmar-China' road link through Kunming.
He also emphasised increasing Chinese scholarships for Bangladeshi students as well as expanding the student-exchange programme between the two countries.
The President assured the new envoy of providing utmost cooperation and hoped that the existing bonds of friendship and cooperation would be further strengthened during the new ambassador's tenure here.
Ambassador Zhang Xianyi said that he would work on establishing direct road-link between Bangladesh and China through Maymar.
He also assured the President that he would try to take initiative to reduce the trade imbalance between the two countries.
Referring to the last national general election which was held here in a free, fair and credible manner, the new envoy hoped that Bangladesh would march towards its desired development goals under the "dynamic leadership of Prime Minister Sheikh Hasina".
Secretaries concerned were present on the occasion.