On the afternoon of the 11th, workers at a Chinese-owned garment factory outside Dhaka, the capital of Bangladesh, were still rushing to produce a batch of clothing that would be exported to Europe and the United States. Siddique, chairman of the Bangladesh Purchasing Agents Association, has brought many entrepreneurs from the country to Kunming, Yunnan, China.
The owner of a Chinese-owned garment factory took the initiative to go to Bangladesh 17 years ago through his keen vision and created his own clothing “kingdom”. This time he brought his team to Yunnan to participate in the China South Asia Commodity Exhibition and highly recommended Bangladesh’s rich manpower. resources, extending an “olive branch” to Chinese businessmen.
On the 11th, Bangladesh and India held two recommendation meetings at the same time in Kunming, and the theme of the seminar was also the transfer of China’s high-tech labor-intensive industries to their own countries.
Bangladesh and India are the most densely populated areas in the world, and their cheap labor force has always been valued by all countries. With the economic and social development of China, which has long been the “world’s processing factory”, “Made in China” has faced many problems such as manpower, exchange rate, and resources. Bangladesh and India, with their abundant labor force and resource advantages, may take on the role of “the world’s processing factory”.
Hasim, who once worked in banking in the United States, has returned to his native Bangladesh to invest. As a director of the Bangladesh Federation of Chambers of Commerce and Industry, he is full of expectations for Chinese companies to invest in Bangladesh. Hasim said, “We have labor and resource advantages, and the government also strongly supports it. Chinese companies will definitely get benefits from investing in Bangladesh.”
Hashim believes that from the perspective of economic structure, “Made in China” has reached its peak and can only face recession, while “Designed in China” has begun to show its advantages. China looks forward to “Designed by China” and Bangladesh looks forward to “Made in Bangladesh”. In addition, the “Bangladesh-China-India-Myanmar Economic Corridor” reached by Bangladesh, China, India and Myanmar provides policy guarantee for cooperation between the two sides. The combination of the two will achieve a win-win situation.
In fact, China’s high-tech-intensive enterprises have begun to seek investment overseas. Well-known Chinese mobile phone brands including Huawei and Xiaomi have invested in India and reaped profits.
Kant, the Indian ambassador to China, said at the promotion meeting that he hopes more Chinese high-tech, labor-intensive companies will invest in India. “If you study the R&D centers built by Chinese-funded companies, including Huawei, in India, you will find that A very good revelation.”
