Dhaka, June 21 -- Bangladesh prepares to receive prospective higher Chinese foreign direct investment (FDI) under its broader strategy to strengthen trade competitiveness amid challenges linked to its graduation from least-developed country (LDC) status and forex constraints.

The government moves for action on intelligence tips that higher FDI inflow from China could play a transformative role in several key sectors. Bangladesh's position as world's second-largest exporter of readymade garments makes it a strong candidate to absorb relocated Chinese apparel manufacturing, driven out by rising labour costs and shifting global trade dynamics.

The report on findings, shared with top government officials, including the interim government's ...