Ans-1 Economic development of Bangladesh

Bangladesh is a developing country in the South Asia. Its illiterate and unskilled large population is a burden to the country. Agriculture is the main source of the income of the country. Government of the country is taking various steps to decrease poverty, but yet about one-third of people of Bangladesh are living below the national poverty line. More than half of the children of Bangladesh are underweight. The gross domestic product (GDP) is hovering around 6% for the last decade. Migrated labor and send remittances were on the increase. Conversely inflation, government debt and GDP growth are nothing to write home about. Shortage of electricity and gas supplies, poor road network, bridges and ports, political unrest and natural calamities are major problems in national production and economic development. Debt burden of the government is increasing rapidly over time due to increase in the budget deficit. Both the internal and external debts of the government are increasing every year. Among the various obstacles, Bangladesh is advocating for poverty reduction by means of improving the quality of education and promoting gender equality. This has led to an achievement of reduction in child mortality and improvement in maternal health. This is a complete synopsis about the condition of the country which would be a base for the country's economic development mentioned below:-

The economy of Bangladesh is a developing market economy. As we all know today it is the 39th largest in the world in nominal terms, and 30th largest by purchasing power parity and it is classified among the Next Eleven emerging market middle income economies and a frontier market. In the first quarter of 2019, Bangladesh's was the world's seventh fastest growing economy with a rate of 7.3% real GDP annual growth. Dhaka and Chittagong are the principal financial centers of the country, being home to the Dhaka Stock Exchange and the Chittagong Stock Exchange. The financial sector of Bangladesh is the second largest in the Indian subcontinent. Bangladesh is one of the world's fastest growing economies.

The more competitive a country is, the more likely it is that it will be able to improve living standards.The garment trade that began in Bangladesh in the 1970s is now a $30 billion industry. But the economy is diversifying. The services sector including microfinance and computing makes up 53% of the country’s GDP.

That's what the economic development of Bangladesh focuses on.

Ans-2 Emerging property rights in china

Property rights means the theoretical and legal ownership of resources and how they can be used. These resources can be both tangible or intangible and can be owned by individuals, businesses, and governments.

Ownership rights are protected under Article 39 of The Property Law of the People's Republic of China, which gives the owner the right to possess, utilize, dispose of and obtain profits from the real property. However, this right has to comply with laws and social morality. It can harm neither public interests nor the legitimate rights and interests of others.

After many years of being lambasted for failing to protect intellectual and land property rights, China’s leadership has finally taken action.

China’s Central Committee of the Communist Party of China and the State Council released general guidelines on shoring up property rights which promise to raise people’s sense of wealth security, boost social confidence, foster positive expectations and raise the impetus for entrepreneurship and innovation by various economic entities.

This feature explores the effect of a new property law in China. The law, which was passed in 2007, gives both rural and urban land holders more secure property rights. The new law was a much needed response to the changes in China’s economy over the last 30 years. Under the law, urban land holders are granted 40 – 70 year leases, and rural land holders 30 year leases, and both groups have the right to automatically renew their leases. While the law has its limitations, it is a step toward strengthening property rights in China.