Bangladesh’s Chief Adviser Muhammad Yunus met with Chinese President Xi Jinping in Beijing on Friday, March 28, 2025. This high-profile meeting marked a significant moment as the two nations celebrated 50 years of diplomatic relations. Yunus is currently on a four-day visit to China, aiming to strengthen ties and boost economic cooperation.
Boao Forum and Arrival in Beijing
Yunus began his visit by attending the Boao Forum for Asia Annual Conference in Hainan on March 26. He arrived in Beijing on Thursday, March 27, where he was warmly received by Chinese Vice Foreign Minister Sun Weidong. The visit comes at a time when Bangladesh is actively seeking new allies amidst evolving relations with India.
Focus on Investment and Development
During his meeting with President Xi, Yunus discussed opportunities for enhanced collaboration. His delegation emphasized attracting investment, particularly in renewable energy, manufacturing, and healthcare. Yunus highlighted Bangladesh’s interest in establishing a solar panel factory with China’s leading manufacturer, Longji. Talks also touched on improving trade relations, with China expressing willingness to import Bangladeshi mangoes, jackfruit, and guavas.
Loan Negotiations and Economic Relief
In addition to investment, Yunus urged China to provide financial relief for ongoing projects. He proposed reducing interest rates on Chinese loans from 3% to 1-2%. He also requested a waiver of commitment fees on Chinese-funded projects. These steps, Yunus argued, would bolster Bangladesh’s economic resilience and accelerate its development goals.
Meetings with Top Chinese Officials
On the sidelines of the Boao Forum, Yunus met with Chinese Executive Vice Premier Ding Xuexiang. They discussed various development initiatives, including relocating Chinese manufacturing industries to Bangladesh. Key sectors of interest included ready-made garments, electric vehicles, high-tech electronics, chip manufacturing, and solar panels.
Muhammad Yunus also sought China’s assistance in providing technical and medical support. He stressed the importance of affordable healthcare solutions and joint efforts to achieve Sustainable Development Goals (SDGs).
Russian Interest in Strengthening Ties
During the forum, Yunus met with Russian Deputy Prime Minister Alexey Overchuk. The two leaders discussed increasing wheat and fertilizer exports from Russia to Bangladesh. This reflects Bangladesh’s ongoing efforts to diversify its international partnerships.
China’s Role in Bangladesh’s Growth
China remains a key player in Bangladesh’s development, ranking as its fourth-largest lender. Since 1975, China has disbursed loans amounting to $7.5 billion. Yunus emphasized the need for continued collaboration in infrastructure and technology-driven sectors.
Conclusion: A Vision for the Future
This visit marks Yunus’s first bilateral trip since taking office in August 2024. It underscores Bangladesh’s commitment to fostering strong ties with China. With discussions covering trade, healthcare, and investment, the visit paves the way for deepened cooperation. As both nations look ahead, this partnership promises mutual benefits and a shared vision for sustainable growth. For the latest updates on government announcements, and breaking news, News Trendzs remains the world news site for reliable and up-to-date information.
