In a broader sense, the BRI has been a success in Nepal. Encouraged by the initiative, Chinese investors have thronged to Nepal. China has topped other countries in FDI commitments for six successive years
China-Nepal joint venture gets nod to develop hydropower projects in Nepal southeastasiapost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from southeastasiapost.com Daily Mail and Mail on Sunday newspapers.
Publication: China Brief Volume: 21 Issue: 5
March 15, 2021 02:23 PM
Age: 3 weeks
Image: Chinese President Xi Jinping attends a welcome ceremony held by Nepali President Bidya Devi Bhandari upon arriving in Kathmandu for a state visit on Nepal 12, 2019. Xi was the first Chinese president to visit Nepal in over 20 years. (Image source: Xinhua)
Introduction
Commonly held economic theory generally suggests that foreign aid benefits the recipient. But so far, China’s bilateral relations with Nepal which are based upon generous pledges of foreign direct investment (FDI) have created a power imbalance. China’s outsized influence in Nepal was most recently highlighted by overt Chinese involvement in a recent constitutional crisis that split the ruling Nepal Communist Party (NCP). A week after Prime Minister Khagda Prasad Sharma Oli dissolved the Parliament on December 20, a delegation led by Guo Yezhou, vice minister of the Chinese Communist Party (CCP) International Liaison Depart
Nepal forced to make difficult choices
Nepal has no option but to heed the concerns of its two giant neighbors, even at the cost of alienating the US published on 2021-03-06 09:03:00
The Americans are the enemy, and their influence in the region must be minimized at any cost. This single logic guides China’s foreign policy under Xi Jinping. So even as the Chinese want to punish the Indians for daring to stand up to them on the border, they hold back. The fear is that a potent show of force could further solidify the already troublingly close US-India strategic ties. The same Chinese calculus may be at play in Nepal. China was unhappy that Prime Minister KP Oli was not doing enough to push the BRI projects, even as he embraced the American anti-China MCC compact. China promptly shut its two important border points with Nepal.