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China–Bangladesh strategic linkages


Though China and Bangladesh shared an adversarial relationship during the latter’s independence movement and immediately after that, the relationship has undergone a tremendous transformation to the extent that China is now considered by many in Bangladesh as an ‘all-weather friend’. They established diplomatic ties in 1976; it was defence ties that was an important area of their relationship, which led to further expansion of ties.
Bilateral trade between China and Bangladesh is heavily tilted towards China. The trade deficit between them stood at US  $16.27 billion in 2019, which has increased 16-fold in the last two decades. China forms the largest share in Bangladesh’s imports at 31.1 percent in 2019, more than double the imports from the next largest partner. Imports from China include a variety of items from textiles, machines, refined petroleum while exports to China consist mainly of textiles which form 70 percent of the total share. ....

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Covid Fallout in Fast-Track Projects: Some coping better than others


The National Economic Council, presided over by Prime Minister Sheikh Hasina, yesterday approved the revised ADP.
Apart from the rail link project, allocations for the Matarbari 1,200MW coal-fired power plant and the Payra Deep-sea Port have been increased.
The allocation for the Mass Rapid Transit Line-6 (MRT-6), under which the country s first ever metro rail is being built, remained the same, according to documents.
Apart from the Padma bridge and the Rooppur power plant projects, the allocation for Chattogram-Cox s Bazar Rail Line was also reduced.
The eighth fast-track project, Rampal Power Plan, is not being funded by the ADP.
Most of the projects are running behind schedule largely due to uncertainty over funding, the Gulshan cafe attack in 2016, complexity over designs, planning, and land acquisition. ....

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