China eyes India trade boosting investment in Nepal

China eyes India trade boosting investment in Nepal


China’s ambassador to Kathmandu was recently pictured in a traditional Nepali cap and silk scarf, digging with a spade to symbolise the laying of the foundations of a new dry port near the Tibet border.

The photo opportunity marked the latest in a series of major projects that underscore China`s growing economic influence in Nepal, where it is building roads and investing billions of dollars in hydropower and telecommunications.

Other Chinese projects in its impoverished, electricity-starved Himalayan neighbour include a US$1.6 billion hydropower plant which is expected finally to end power outages which extend to 14 hours a day in winter.

Meanwhile China recently completed a 22-kilometre stretch of road in central Nepal connecting the country’s southern plains with the Tibetan county of Kyirong, to form the shortest motorable overland route between China and India, reports The Straits Times.

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