China's infrastructural investments in South Asia, also come with the prospect of further bolstering economic ties and laying long-term strategic and stable relations through the provisions of the Asia Infrastructure Investment Bank (AIIB) which will further service the growing needs of the region, Titumir highlighted.
"The estimated requirement of infrastructure financing until 2020 for Asia is 800 billion U.S. dollars a year. Such investment will not only steer growth, but also will realize social and sustainable development goals in the post-2015 era."
"China could play a pivotal role in turning the BCIM (Bangladesh, China, India and Myanmar) forum into a growth quadrangle or Regional Economic Development Area, yielding a faster economic growth process by increasing use of the region's untapped resources," said Titumir.
Bangladeshi Prime Minister Sheikh Hasina had earlier told Xinhua the Chinese president's visit came at a time in history when Bangladesh is about to break free from the clutches of low-level economy equilibrium trap and move into a brand-new frontier of investment, industrialization, ecological restoration and prosperity for all.
"China has become our largest trading partner and we consider China as a trusted partner in realizing our dreams too. China is the leading generator of many of our mega-projects in terms of finance, capitalization and technology," she said.
Hailing the China-proposed Belt and Road initiative, Hasina said Bangladesh is now working to connect growth centers of the country with the rest of the region in South Asia and create a single economic contiguity between South Asia and Southeast Asia.
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