China Counters India’s $2 Billion With $24 Billion For Bangladesh

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news54s56f65sfChina’s President Xi Jinping landed in Dhaka on Friday marking the first visit by a Chinese head of state to Bangladesh in 30 years.
Chinese state-media heralded the visit as a diplomatic “milestone” of “historic significance,” as the two countries will sign at least 21 agreements amounting to nearly $40 billion investment in Bangladesh.
According to Reuters, China will also sign off on nearly $24 billion worth of loans to the country — Bangladesh’s biggest foreign credit line to date.

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