Beijing signs deals with Nepal amid China-India border clash

[Keel]

Chinese PresidentXi Jinping(R) meets with Nepali Prime Minister Pushpa Kamal Dahal in Beijing, capital of China, March 27, 2017.(Xinhua/Ding Lin)


Trade, investment ties grow fast between China, Nepal

Source: Xinhua | 2017-03-27 23:34:03 | Editor: huaxia

BEIJING, March 27 (Xinhua) -- Trade and investment volumes between China and Nepal grew fast during the past few years as the two neighboring countries enhanced their economic ties, official data showed Monday.

Bilateral trade increased 24 percent year on year to hit 85.04 million U.S. dollars in January 2017, according to Jiang Zengwei, chairman of the China Council for the Promotion of International Trade.

In the past decade, bilateral trade has surged from 108 million U.S. dollars to 888 million dollars, Jiang said at the "Roundtable on Investment Opportunities in Nepal" in Beijing.

Direct investment of Chinese enterprises in Nepal has reached 355 million dollars in total as of the end of January, covering fields such as hydroelectricity, aviation, minerals and medical treatment.

China is Nepal's biggest source of foreign direct investment and its second-largest trade partner, officials from Nepal said at the roundtable.

The Nepal government welcomes more investment from Chinese entrepreneurs in key areas including infrastructure, oil, modern agriculture and tourism, they said.

Nepali Prime Minister Pushpa Kamal Dahal is paying an official visit to Beijing.

 

[TaiShang]

Direct investment of Chinese enterprises in Nepal has reached 355 million dollars in total as of the end of January, covering fields such as hydroelectricity, aviation, minerals and medical treatment.

More trade links with Nepal, covering a broad sector of manufacturing.

OBOR is throwing a lifeline to the border nations which would otherwise rain backward and out of luck due to intense competition.

Comparing the level of China's development with that of India, it is natural that Nepal, Sri Lanka and the likes would not be impressed by a country whose HDI is below sub-Saharan Africa.

 

[Paludism]

kid I go to Nepal a lot and I know for 1st hand how they love you. daily pioneer my ***.

Lol, he says most Nepalis likes Indians. That confirms he's not even one of them. My sister in law lives in Sikkim. I know most Sikkimese hate Indians. They call them Dhoti for a reason.

 

[Kiss_of_the_Dragon]

Between China and Nepal just a Boarder line and long way between main land, But Nepal and India it's just a walk able Distance this can't be changed also i am sure they will call us like what sri lanka did to counter China invest in the port Project,

You talk like India can compete with China over investment and infrastructure project. Regarding Sri lanka port project, in the pass China just made accommodation for India, we didn't want to play the zero sum game to suffocate India and you talk like we have lost to India over the port project.