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China to provide $118 million assistance to Nepal, promises to expedite work on BRI projects

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.
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China to provide USD 118 million assistance to Nepal, promises to expedite work on BRI projects

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. ....

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