Chinese Exim Bank to back manufacturing units' shift to Bangladesh

29 Mar '25

1 min read

Chinese Exim Bank to back manufacturing units' shift to Bangladesh

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Insights

China Export-Import Bank would support the relocation of Chinese manufacturing plants to Bangladesh to make the country a platform for export to other nations, its chairman Chen Huaiyu recently said.
He said this while meeting Bangladesh Chief Adviser Muhammad Yunus in China.
The bank would also support building infrastructure in Bangladesh to support socio-economic and sustainable growth.

China Export-Import Bank would support the relocation of Chinese manufacturing plants to Bangladesh to make the country a platform for export to other nations, its chairman Chen Huaiyu recently said.

He said this while meeting Bangladesh Chief Adviser Muhammad Yunus on the sideline of the Boao Forum for Asia Annual Conference 2025 at the Chinese town of Boao.

The bank is a key financier of Beijing-funded infrastructure and energy projects in Bangladesh, but this is the first time it showed interest in supporting investment from Chinese private manufacturers in Bangladesh.

Yunus said Bangladesh's strategic location and its human resources can transform the country into a manufacturing hub for top global companies both from China and elsewhere in the world.

He has invited top Chinese private manufacturers to relocate their factories to Bangladesh, saying his government would offer attractive benefits for the manufacturers and provide a trade corridor, a Bangladesh news agency reported.

Chen said Bangladesh is perfectly located to serve both south-eastern and far eastern Asia and also the Middle East and Western Asia.

The bank would also support building infrastructure in Bangladesh to support the country's socio-economic and sustainable growth, he added.

Fibre2Fashion News Desk (DS)

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