Jai Kumar Verma
The 72 years old Chairman of the Communist Party of Nepal, Khadga Prasad Sharma Oli popularly known as K.P.Sharma Oli returned from China on 5th December, after a four day official visit. Oli went to China with an 87 members delegation. On conclusion of his China visit he told the media at Tribhuvan International Airport that “Nepal–China relations have further deepened after my visit. This will certainly benefit Nepal”. He also said that during his visit, agreements were signed under the Belt and Road Initiative (BRI) which will benefit Nepal. He also mentioned that separate agreements would be signed for each project. BRI is a global infrastructure development strategy of Chinese government, which started in 2013 to invest in more than 150 countries and international organisations.
Nepal and China signed the BRI agreement in 2017, and 35 projects were identified however these projects were reduced to 9 in 2019 and that too were not started. Not only this, the details of the BRI cooperation agreement were not made public. It is the common strategy of China that the details of its agreements with other countries are never made public.
Oli during his China visit met President Xi Jinping, Premier Li Qiang and several other senior leaders. A total of ten agreements were signed including BRI cooperation agreement and MoU on Economic and Technical Cooperation, MoU on the Development Plan 2025-2029 and the MoU on Nepal–China Trade Promotion. Oli also addressed a programme in the Peking University. Oli requested Chinese businessmen to invest in China and Chinese people to visit Nepal as tourists. China also promised financial grant of USD 20 million and RMB 500 million. Oli also discussed with his counterpart about industrial and infrastructural development, increasing of connectivity, development of tourism and trade, medical cooperation, agricultural development, science and technology, disaster management and poverty alleviation.
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