While Chinese policymakers are tightening capital flows to prevent a depreciation of the yuan, Beijing's involvement in various projects of Bangladesh
has increased over the years. After Chinese President Xi Jinping's visit to Dhaka in 2016, the net FDI from China into Bangladesh increased to $506 million in 2017-18, from just $68.5 million in 2016-17.
"Trade war to generate additional $400 million exports for Bangladesh," the Daily Star quoted Asian Development Bank's chief economist Yasuyuki Sawada as saying.
As Bangladesh is the second hotspot for textile manufacturing after China, the country's garment sector witnessed significant growth with the escalation of the trade war between the US and China. The American retailers are now placing more work orders with Bangladesh in order to offset increasing tariffs.
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