Nepal PM kicks off China visit eyeing investment deals

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Nepal News

China,India,Investments

BEIJING: Nepal's prime minister was in Beijing on Tuesday (Dec 3) to meet Chinese leaders, seeking to expand infrastructure cooperation after breaking with the long-standing tradition of new leaders making their first official visit to neighbouring India.

Nepal's prime minister Khadga Prasad Sharma Oli waves alongside his wife Radhika Shakya before his departure, at the Tribhuvan International airport in Kathmandu on Dec 2, 2024. BEIJING: Nepal's prime minister was in Beijing on Tuesday to meet Chinese leaders, seeking to expand infrastructure cooperation after breaking with the long-standing tradition of new leaders making their first official visit to neighbouring India.

Beijing's foreign ministry said last week that Xi and Oli would"have in-depth exchanges of views on deepening traditional friendship".Pradeep Gyawali, deputy secretary of Oli's Communist Party of Nepal , or CPN , told AFP the visit would centre on prior investment deals – including for the recently finished construction of an international airport in tourist hub Pokhara.

He will also deliver a keynote address at China's prestigious Peking University and speak at a bilateral business forum, the ministry said. China's trade share was about 15 per cent, though Chinese companies lead in some industries – including a 70 per cent share of Nepal's burgeoning electric vehicle market.

 

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