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Why China's expanding footprint in Bangladesh and beyond is a strategic concern for India
China's commitment to protect Bangladesh from external interference triggers India's apprehension about Beijing's increasing regional influence through economic initiatives and the potential risks associated with debt trap diplomacy
Abhinav Mehrotra and Biswanath Gupta Last Updated:September 20, 2
(File) Bangladeshi Prime Minister Sheikh Hasina shakes hands with Chinese President Xi Jinping as she arrives for a meeting at the Diaoyutai State Guesthouse in Beijing on 5 July, 2019. Reuters
The recent statement made by China regarding protecting Bangladesh from any sort of external interference in the context of the US making statements on the fairness of elections in Bangladesh holds significance for India. Such acts on the part of China have been repeatedly occurring, whether in the form of the invalid claim of including Arunachal Pradesh and Aksai Chin as part of its own territory. Additionally, China has exerted its economic control through initiatives like the Belt and Road Initiative in India’s neighbours such as Pakistan, Sri Lanka and Bangladesh by establishing projects like the China-Pakistan Economic Corridor and the Bangladesh-China-India-Myanmar Economic Corridor, which aim to integrate the economies of these countries through regional connectivity.
These projects fit within the Chinese notion of the Silk Road and Economic Belt and the 21st century Maritime Silk Road.
There are several studies that have cautioned about the deep and serious impact of Chinese loans but due to the absence of viable alternatives countries still are attracted to it for their infrastructure developments. In this context, the questions that require analysis pertain to Bangladesh and Chinese economic relations, the Belt and Road Initiative and its link with Bangladesh, the debt trap policy that China has been pursuing whose repercussions were seen in Sri Lanka and finally the impact of all such steps on India and the possible way forward in this regard.
Historically, the relationship between Bangladesh and Sri Lanka took shape in the aftermath of the independence achieved by Bangladesh in 1971 where India had played an integral role. Surprisingly China had opposed the inclusion of Bangladesh as a member of the UN through veto which stands in complete contrast to its recent statement of protecting Bangladesh which is being seen in the context of the ulterior motives of China to capture the Bangladeshi market through the Belt and Road initiative. Especially, since the rollout of the ‘One Belt One Road’ policy, several countries including Bangladesh have obtained Chinese loans for infrastructure developments that lead to the risk of asset seizure by China for Bangladesh.
The aim of the Belt and Road initiative is to make the Chinese yuan the currency of international transactions with an aim to enable the reduction of economic dependence on the US for the countries that support them for which Bangladesh holds the key. The reason being that Bangladesh is located strategically between South Asia and South East Asia and has a growing economy and abundant labour force. Further, Bangladesh’s economic security is strategically important for entire South Asia more specifically for India.
Why China's expanding footprint in Bangladesh and beyond is a strategic concern for India
China's commitment to protect Bangladesh from external interference triggers India's apprehension about Beijing's increasing regional influence through economic initiatives and the potential risks associated with debt trap diplomacy
