In the twenty-first century, now China has become the second largest economic engine of the world. As a neighboring country, all important Bangladeshi predicaments are now more relevant to this reality than ever before. Chinese unfolding method of development should have many ramifications that we need to appreciate fully. Chinese systems of doing things have many facets that are not practiced in India and Bangladesh. Western military presence in Asian continent and beyond has made us overwhelmed and we are not keeping space with the dynamics of Chinese development. This is a challenge and opportunity for Bangladesh. Still we are under the shadow of India in terms of solving our national economic and security problems. Bangladesh has been facing many challenges in developing its own culture of polity and formulating economic and diplomatic strategies and policies toward many of its strategic partners, especially with friendly neighbors, like China and India. For Bangladesh, it is now a life and death situation as a sovereign country to make a balanced and friendly relation with India as well as China. In the backdrop of this reality, Bangladesh should come out from the shadow of India. Without active help and cooperation from China, possibly Bangladesh will not be able to succeed in this grandiose task of national building. The major purpose of this article is to examine how far our friendship with China might be helpful for strengthening our sovereignty and sustainable socio-cultural and economic development. In doing that, author of this article has tried to do a thorough and comparative analysis of proposed development assistance from China and India. It has successfully indicated the outcome of economic collaboration of Bangladesh with India and China.
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