March 25, 2022
2 mins read

‘Loan component makes BRI a complicated issue’

At a seminar, experts questioned if the relation of China-Nepal is based on friendship or just a mercantile partner…reports Asian Lite News

The closure of the Nepal-China border since 2020 has impacted Kathmandu’s trade and economy with China, experts said raising questions regarding the geopolitical and strategic interest of both the countries’ economic benefit through the transboundary Himalayan multi-dimensional connectivity network.

At a seminar organized by the Center for Social Inclusion and Federalism on BRI and Nepal China Relations in Kathmandu on Thursday, experts questioned if the relation of China-Nepal is based on friendship or just a mercantile partner, Khabar Hub reported.

According to the media outlet, as many as 80 participants attended the event including diplomats, bureaucrats, journalists and reporters, and scholars of various fields.

The seminar was organized at a time of the impending visit of Chinese Foreign Minister Wang Yi.

During the seminar, three major themes were discussed by three separate panels.

The themes include BRI and Geopolitics: Risks and Opportunities, Nepal-China Cross-border Relations, and Nepal-China Trade, Transit, and Transport. Ajaya Bhadra Khanal, Arpan Gelal, and Shraddha Ghimire presented their research findings on the topics respectively.

The first panel emphasized the impacts of ensuing great power rivalry on Nepal and viewed Chinese Foreign Minister Wang Yi’s visit from the same lens.

Furthermore, the panel discussed the contrasting models of diplomacy being practiced by Washington and Beijing and their averments towards one another regarding MCC and BRI, according to Khabar Hub.

Foreign Minister Wang is expected to hold bilateral talks with his Nepali counterpart Dr Narayan Khadka and is also expected to talk to various key leaders including President Bidhya Devi Bhandari, Prime Minister Sher Bahadur Deuba, and former Prime Ministers and key leaders K P Sharma Oli and Pushpa Kamal Dahal ‘Prachanda’, the Nepal foreign ministry press release said.

Nepal has seen a rising discontent and suspicion among the people against Chinese projects and investments in the country, with recent large-scale protests against Belt and Road Initiative (BRI) project in Eastern Nepal’s Jhapa district.

Chinese officials say Wang’s main agenda in Kathmandu is to reassess Beijing’s geopolitical and security challenges, as China no longer feels secure in Nepal.

“Implementation of the BRI projects in Nepal is important for Beijing,” says a second Kathmandu-based Chinese official who has long liaised between Kathmandu and Beijing. He was also speaking on the condition of anonymity. “But this time Beijing is more worried about the security challenges emanating from the compact’s approval,”

During his visit, Foreign Minister Wang will also take stock of the political climate in Kathmandu, reported The Annapurna Express. (ANI)

ALSO READ: From stealth fighters to submarines, China arming Pakistan

Previous Story

Imran fined by poll body for third time

Next Story

More than 20 Chinese provinces under Covid restrictions

Latest from -Top News

Putin, World Leaders Mourn Ahmedabad Plane Crash

At least 169 Indians and 53 British nationals were travelling in Air India’s flight AI171 from Ahmedabad to London’s Gatwick airport….reports Asian Lite News Condolences from leaders across the world continue to

‘Devastating’: UK PM on Air India Flight Crash

At least 169 Indians and 53 British nationals were travelling in Air India’s flight AI171 from Ahmedabad to London’s Gatwick airport….reports Asian Lite News World leaders, including British Prime Minister Keir Starmer,

Visa row paralyses Nepal Parliament

Opposition presses for probe into Home Ministry links, visa scam exposes deep-rooted corruption at Kathmandu airport A political deadlock in Nepal’s federal parliament has now entered its third week, with sessions of

Student fury over poll delay in Bangladesh

Awami League’s student wing warns of creeping extremism, minority attacks, and pro-Pakistan tilt under Muhammad Yunus-led interim regime as 2026 election plans spark fierce backlash across Bangladesh. A political storm is brewing

Congress questions US invite to Pakistan on Army Day

Congress MP Jairam Ramesh slams the US for hosting Pakistan’s army chief, questions India’s diplomatic stance, and demands a full security debate post-Pahalgam in Parliament’s monsoon session. Congress MP Jairam Ramesh has
Go toTop

Don't Miss

Chinese firm postpones IPO after US ban

The US Treasury said that SenseTime was sanctioned because of

High Hopes Dashed In Bangladesh PM’s China Visit

The visit did not lead to any significant progress on