Through the Indo-Pacific Alliance, the USA will tie many other countries with Bangladesh. China seems to be helpless to stop this 24-nation conference.
The BD future is almost tied with the Western world led by America. BD exports about $10 billion worth of textile goods to America alone and all its garments go to Western countries.
BD has little room to escape from the huge American gravitational force to be pulled by China just because it extends BD project loans.
The Chinese or other loan money has to be paid back along with interest. But, BD needs no repayment of money that it earns through exports.
For BD, it is more important to deepen all kinds of ties including the military one with the Western world.