China set to become biggest investor in Bangladesh

China will be the biggest source of foreign direct investment in Bangladesh when its acquisition of Chevron’s three gas fields in the country is finalised.
By Staff reporter 18 May 2017 0 25968

China will be the biggest source of foreign direct investment in Bangladesh when its acquisition of Chevron’s three gas fields in the country is finalised, according to The Financial Express.

The sale of the Chevron fields will see the share of investment from the United States drop off dramatically as the acreage is expected to be worth around $2 billion.

China invested around $61 million in Bangladesh in 2016, according to figures from the Bangladeshi government, but this figure will soon be boosted by a...

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