What we can learn and unlearn from Chinese model of development? By Mikon Tangchanggya

Outline of presentation The China-South Asia relationship Some key factors at a glance China-Bangladesh relationship One Belt One Road (OBOR) issue BCIM-EC issue Chinese model of development What we can learn What we can unlearn

The China-South Asia relationship State level relationship People level relationship

Some key factors at a glance Bangladesh China Area 147,610 km2 9,596,961 km2 Population 163,187,000 1,373,541,278 Density 1,319/km2 145/km2 GDP per capita $4,204 $15,095 HDI 0.579 medium · 139th 0.738 high · 90th Gini 32.1 medium 46.2 high

China-Bangladesh Relationship Political relations: current government’s policy towards east, Sheikh Hasina visited China in 2014, Xi Jinping visited Bangladesh in 2016 Economic relation: China is the biggest trade partner of Bangladesh though Bangladesh having largest trade deficit with China as well; Strategic-Security cooperation: Bangladesh Army has been equipped with Chinese tanks and Bangladesh Navy has been equipped with Chinese submarines; the Bay of Bengal is very important to China

One Belt One Road (OBOR) Some countries have doubt on China’s intention But small countries like Bangladesh can take the infrastructural advantage

BCIM issue China wants to connect Yunnan (Southern province) which is land-locked

Chinese model of development State-led development model Development as the top priority Focus on good governance Gradual and pragmatic reform

What we can learn Making own way of development Utilizing globalization effectively Maintaining Political stability Reservation of own culture Creation of zones and infrastructure for business Quick process to approve investment proposals Strong manufacturing base

What we can learn (Continues…) Ability to respond quickly Investment from non-resident citizens Mobilizing the savings “Business-above-all” attitude Methodical approach of the people

What we can unlearn The way of business to the developing countries Violation of human rights Underdevelopment of rule of law Political oppression Inequality Reserved to outer world One child policy Preference to male child Excess professionalism

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