China expects smooth general elections in Bangladesh

China expects smooth general elections in Bangladesh to maintain stability, as Beijing defined its future relations with Dhaka in four major fields.
“China closely follows the political situation in Bangladesh. Over the past year, the caretaker government has made some strong efforts in maintaining social stability and economic development. China sincerely hopes that Bangladesh will maintain its stability and hold a smooth general election,” said Chinese Assistant Foreign Minister Hu Zhengyue.
In an interview with UNB in Beijing, Hu said China would build stronger ties with the country in four fields -- increase high-level contacts; strengthen business ties and address trade imbalance; expand cooperation in agriculture, education and science and technology where the potential is great; and maintain support and coordination in international and regional affairs.
Asked how Beijing could narrow down Sino-Bangladesh trade gap that is lopsided in favour of China, the minister said China always takes seriously its trade imbalance with Bangladesh and has no intention to pursue trade surplus.
Hu mentioned that last year, the Chinese ministry of commerce organised companies to purchase goods from Bangladesh and the two sides signed $53 million worth of contracts and letters of intent.
In reply to a question, he said in recent years, more and more Chinese companies have made investments in Bangladesh due to its favourable geographical location and low labour cost. Chinese entrepreneurs have set up garment, home appliance and ceramic factories in the country.
He further said China encourages its enterprises to make investments in industries where Bangladesh has comparative advantages, including light industry, textile, garment and home appliances according to the rules of the market economy and principles of equality and mutual benefits.