China has listed Bangladesh as one of its investment destinations, said visiting Chinese Vice-Minister for Commerce, Yu Guang Zhou, on May 21, 2005 as the two sides struck deals for cooperation in the textile and apparel sector. "The Chinese government is also encouraging Chinese entrepreneurs to come and find investment opportunities in Bangladesh", he told a meeting with the Bangladesh Textile Mills Association prior to an agreement-signing ceremony. A Memorandum of Understanding was signed by the BTMA and the China Chamber of Commerce for Import Export of Textiles (CCCT) on ideas for developing the textile and clothing sector. BTMA Chairman M.A. Awal and CCCT Vice-Chairman Cao Xinyu signed for each side.
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