China says the proposed Bangladesh-China-India-Myanmar economic corridor could "change the geo-political map in Asia and the world." The proposal was included in a joint statement issued in Beijing during the visit of Indian Prime Minister Manmohan Singh, Xinhua News Agency reported. "In move that may change the geo-political map in Asia and the world, China and India decided to move ahead with preparation for the BCIM Economic Corridor that compasses Bangladesh, China, India and Myanmar," Xinhua said. China expressed readiness to step up investment, railway construction and industrial zone development in the region, the agency said. In an earlier written interview with the Chinese media in connection with his visit, Singh had been quoted as saying that to move BCIM idea forward, India and China need to first get the support of Bangladesh and Myanmar and together study the various practical elements of such a corridor. Myanmar was formerly called Burma. India's Business Standard said the multi-billion dollar project would link South Asia and East Asia for economic activity, and had figured prominently during talks between Chinese Foreign Minister Wang Yi and his visiting Bangladeshi counterpart Dipu Moni last week. Xinhua quoted Wang as saying China regards Bangladesh as a natural partner and important for China's opening up westward. China and India will continue to discuss with other parties to establish the BCIM, Xinhua reported. Further discussion on concepts and alignment of the economic corridor are envisaged, it said.
GMT 12:09 2018 Monday ,26 November
Black Friday less wild as more Americans turn to online dealsGMT 15:07 2018 Sunday ,18 November
Refugee host countries discuss UNRWA's financial crisisGMT 17:22 2018 Wednesday ,31 October
Russia climbed to 31st place in Doing Business-2019 ratingGMT 16:53 2018 Wednesday ,17 October
"Putin" We need for collective restoration of Syria's economyGMT 14:02 2018 Friday ,12 October
Govt to announce incentives package for Overseas PakistanisGMT 18:26 2018 Saturday ,06 October
Dubai attracts Dh17.7 billion in foreign direct investmentGMT 09:02 2018 Friday ,21 September
Economy of Georgia demonstrates "strong signs of recovery"GMT 09:03 2018 Wednesday ,24 January
German investor confidence surges in JanuaryMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor