Chinese Foreign Minister Wang Yi announced the concessions for Nepal in his meeting with his Nepalese counterpart Narayan Khadka in the eastern Chinese city of Qingdao on Wednesday.
KATHMANDU, Aug 11: China has pledged Rs 15 billion in grant assistance to Nepal to invest in various projects this year in the landlocked Himalayan nation after visiting foreign minister Narayan Khadka held wide-ranging talks with his Chinese counterpart Wang Yi to further cement the bilateral ties. Khadka, who is on an official visit to China at the invitation of Wang, met Wang in the eastern Chinese city of Qingdao on Wednesday. “The two foreign ministers took stock of overall […]
Facing headwinds over its South Asia push after Sri Lanka’s worst economic crisis, China has warmed up to Nepal by pledging USD 118 million in aid and announcing a slew of trade concessions while vowing to speed up work on the stalled BRI projects.