Chinese Support for Muhammad Yunus’s “Production Transformation” Project

Yang Dongning said, “China has long invested in Bangladesh’s major infrastructure projects, and now they are focusing on the production sector. There are investment opportunities in rooftop solar panels, traditional jute, organic fertilizers, energy production, and alternatives to plastic.” He also mentioned that Chinese companies want to invest in the jute industry through joint ventures, with plans to use up to one million tons of jute.

Professor Muhammad Yunus welcomed the Chinese investment during the meeting, saying, “China’s investment is important for transforming Bangladesh into a global export hub. Chinese investment in pharmaceuticals, healthcare, and solar energy systems will support the country’s environmentally friendly initiatives.” He further mentioned that closed jute mills could be used for new joint ventures and setting up factories in southeastern Bangladesh could facilitate regional exports.

Chinese investors are also interested in artificial intelligence and e-commerce sectors. Senior Secretary and SDG Coordinator Lamia Morshed and Chinese Ambassador to Bangladesh Yao Wen were present at the meeting. At the start of the meeting, Professor Yunus expressed condolences to the victims of the Hong Kong fire.

If implemented, these investments will play a key role in Bangladesh’s production sector, export potential, and sustainable economic development.