Chinese mega investment could transform Bangladesh: Yunus
Prof Yunus: Major Chinese investment could be a game changer for Bangladesh's economy
At the China-Bangladesh Conference on Trade and Investment, Chief Adviser Prof Muhammad Yunus praised Chinese companies as global leaders in manufacturing and expressed Bangladesh’s strong desire to partner with them. The daylong event, jointly organised by the Bangladesh Economic Zones Authority (BEZA) and the Bangladesh Investment Development Authority (BIDA), marked a significant step in strengthening bilateral economic ties.
Yunus underscored the urgency of creating quality jobs for Bangladesh’s vast youth population, noting their potential to shape history with the right opportunities. “Bangladesh is on the brink of transformation,” he said, highlighting the interim government's reform initiatives to improve the investment climate, cut red tape, and create a business-friendly environment. These reforms, he stressed, are meant to draw foreign direct investment, spur economic growth, and generate employment.
Describing the conference as a historic moment, Yunus noted that it coincides with the 50th anniversary of Bangladesh-China diplomatic relations. He emphasized the scale of Chinese interest, with over 150 business leaders from top firms participating—making it the largest Chinese delegation ever to visit Bangladesh.
Reflecting on his recent visit to Beijing, Yunus shared that he had personally requested President Xi Jinping to encourage Chinese companies to invest in Bangladesh and expressed appreciation for the president’s follow-up.
Despite its strategic location and young workforce, Bangladesh has long struggled to attract FDI, Yunus said. “Economic zones were built, but many remain empty—used even for cattle grazing,” he remarked, blaming past corruption and misgovernance for investor hesitation.
However, the July uprising led by Bangladesh’s youth marked a turning point, ushering in a new era. “We are rebuilding,” Yunus said, urging Chinese investors to become part of that journey. He noted the reformation of BIDA into a serious investment facilitator and invited investment across key sectors including garments, pharmaceuticals, agri-processing, fisheries, jute, and IT.
“I urge Chinese investors to make Bangladesh their home and production hub. Our youth is ready to take on that challenge,” he said.
China’s Commerce Minister Wang Wentao also attended the event as a special guest.
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