Chinese President Xi Jinping on Friday began a visit to Bangladesh during which the two countries are to sign loan agreements worth about $24 billion for Chinese investment in infrastructure and energy, Dhaka’s largest foreign credit line to date. Xi, the first Chinese president to visit Bangladesh in three decades, was received by President Abdul Hamid at Dhaka airport. Chinese assistant foreign minister Kong Xuanyou said Bangladesh is an important partner for China in South Asia, and the visit will be a “milestone” in their relationship. (A) record amount of loan agreements will be signed during the visit, roughly $24 billion,” he told Reuters. “I really don’t think there is a zero sum game going on in Bangladesh between China and India.

Source: Hindustan Times October 14, 2016 11:19 UTC