China Promises Financial Aid to Bangladesh as Countries Upgrade Ties
China and Bangladesh have elevated their diplomatic ties to a comprehensive strategic partnership while agreeing to advance cooperation on Beijing's Belt and Road Initiative.
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00:00China and Bangladesh have elevated their ties to a comprehensive strategic partnership.
00:05The move comes as Bangladeshi Prime Minister Sheikha Sina visits Beijing, where she met
00:10Chinese President Xi Jinping and Premier Li Cheng.
00:13The two countries signed 28 agreements on trade and investment, while also agreeing
00:18to advance cooperation on the Belt and Road Initiative.
00:22Beijing agreed to provide DACA with 137 million U.S. dollars in economic aid, as the country
00:28is facing a foreign exchange reserve shortage.
00:31Bangladesh has traditionally maintained development partnerships with the U.S. and India, but
00:36it has grown increasingly dependent on China for economic aid.