President Xi Jinping left Kathmandu after signing 20 projects to boost Nepali economy

By Preeta Rana for DND News Agency

KATHMANDU, Nepal: President of People’s Republic of China, Xi Jinping left Kathmandu on Sunday after concluding his two-day state visit to Nepal.

President Bidhya Devi Bhandari, Prime Minister KP Sharma Oli, Vice President Nanda Kishor Pun, along with various ministries were present at the airport to bid farewell to Xi Jinping
President Bidhya Devi Bhandari, Prime Minister KP Sharma Oli, Vice President Nanda Kishor Pun, along with various ministries were present at the airport to bid farewell to Xi Jinping

As accepted, Nepal and China signed 18 memorandums of understanding and two letters of exchange and Chinese President announced Rs 56 billion economic assistance for Nepal for the next two years—2020 to 2022.

High-level official delegation talks held between Nepal and China at Solatee Crowne Plaza on Sunday, October 13, 2019
High-level official delegation talks held between Nepal and China at Solatee Crowne Plaza on Sunday, October 13, 2019
Nepal and China signed 18 memorandums of understanding and two letters of exchange and Chinese President announced Rs 56 billion economic assistance for Nepal for the next two years—2020 to 2022
Nepal and China signed 18 memorandums of understanding and two letters of exchange and Chinese President announced Rs 56 billion economic assistance for Nepal for the next two years—2020 to 2022

Nepal and China signed 18 memorandums of understanding and two letters of exchange and Chinese President announced Rs 56 billion economic assistance for Nepal for the next two years—2020 to 2022

China will assist Nepal for developing physical infrastructure, road networks, transport network, agriculture and livestock development.

China will actively contribute in Nepal Tourisn Year 2020 and will send Chinese tourists to Nepal also.

President Bidhya Devi Bhandari, Prime Minister KP Sharma Oli, Vice President Nanda Kishor Pun, along with various ministries were present at the airport to bid farewell to Xi Jinping.

The most important Memorandum of Understandings (MoUs) were Trans-Himalayan Railway, several infrastructure projects and establishment of Technical University in Nepal.

Following Memorandum of Understandings (MOUs) were signed in the presence of President Xi and Prime Minister Oli.

 

President Xi Jinping left Kathmandu after signing 20 projects to boost Nepal’s economy

The visit of President Xi Jinping has opened a new gateway of opportunities and self reliance for Nepal. Better connectivity between the two countries through several projects including Trans-Himalayan trade routes will mitigate dependence of Nepal on neighbouring India. It is pertinent to mention that total dependence of landlocked Nepal over India played havoc with its economy when India aggressively put five-month blockade of its southern border in 2015 because Nepali parliament was not ready to pass “Indian written constitution” and wanted to stand as a sovereign and independent state.

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