China to sign some $24 billion in loans to Bangladesh as Xi visits

China to sign some $24 billion in loans to Bangladesh as Xi visits
 

China is set to sign off on loans worth over $24 billion to Bangladesh during President Xi Jinping's visit on Friday, Dhaka's biggest foreign credit line to date that will help it build power plants, a seaport and railways.
Xi's trip, the first by a Chinese president in 30 years, is aimed at boosting China's involvement in infrastructure projects at a time when India is pushing investments of its own in Bangladesh, a country New Delhi considers its area of influence.
Japan, helped by India, has also got involved in Bangladesh, offering finance at low interest rates to build a port and power... read more

 
14 October 2016 in World News, Views: 39
Source: Reuters
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