China urged to narrow trade gap, assist digital payment ecosystem

Chinese Ambassador to Bangladesh Yao Wen on Thursday paid a courtesy call on Bangladesh Bank (BB) Governor Md Mostaqur Rahman at the central bank headquarters, where the two sides discussed ways to further strengthen bilateral trade, investment and financial cooperation.

During the meeting, the governor urged China to increase imports of Bangladeshi products to help narrow the bilateral trade gap, according to a Bangladesh Bank press release.

He also sought China’s experience and technical assistance in implementing Bangladesh’s Bangla QR payment system, drawing on China’s Single QR framework to further advance the country’s digital payment ecosystem.

Ambassador Yao underscored the importance of creating a more investment-friendly environment to facilitate greater foreign investment in Bangladesh.

In response, the governor said Bangladesh Bank has already introduced a series of policy measures to support foreign investors, making it easier for them to repatriate their invested capital and profits.

He also invited Chinese investors to expand their investments in Bangladesh, particularly in technology-based industries and the manufacturing sector.

Chinese Embassy Counsellor Song Yang and Attach, Wen Jinhua attended the meeting. Bangladesh Bank Deputy Governors Dr. Habibur Rahman and Md. Sarwar Hossain were also present.