China is to sign off $24bn worth of loans to Bangladesh over Chinese President Xi Jinping's visit to the country on 14 October, which will help it to build power plants, a seaport and railways. China is keen to boost involvement in Bangladesh, and it has in turn backed Xi's "One Belt, One Road" initiative to boost trade and transport links across Europe and into Asia, viewing it as an opportunity to increase growth. At the same time, India and Japan are pushing investments of their own into Bangladesh. India has concerns about China's "One Belt, One Road" plan as it worries it will try to build a vast zone of Chinese influence.
China is to sign off $24bn worth of loans to Bangladesh over Chinese President Xi Jinping's visit to the country on 14 October, which will help it to build power plants, a seaport and railways. China is keen to boost involvement in Bangladesh, and it has in turn backed Xi's "One Belt, One Road" initiative to boost trade and transport links across Asia and into Europe, viewing it as an opportunity to increase growth. At the same time, India and Japan are pushing investments of their own into Bangladesh. India has concerns about China's "One Belt, One Road" plan as it worries it will try to build a vast zone of Chinese influence.