Publication: China Brief Volume: 21 Issue: 5
March 15, 2021 02:23 PM
Age: 3 weeks
Image: Chinese President Xi Jinping attends a welcome ceremony held by Nepali President Bidya Devi Bhandari upon arriving in Kathmandu for a state visit on Nepal 12, 2019. Xi was the first Chinese president to visit Nepal in over 20 years. (Image source: Xinhua)
Introduction
Commonly held economic theory generally suggests that foreign aid benefits the recipient. But so far, China’s bilateral relations with Nepal which are based upon generous pledges of foreign direct investment (FDI) have created a power imbalance. China’s outsized influence in Nepal was most recently highlighted by overt Chinese involvement in a recent constitutional crisis that split the ruling Nepal Communist Party (NCP). A week after Prime Minister Khagda Prasad Sharma Oli dissolved the Parliament on December 20, a delegation led by Guo Yezhou, vice minister of the Chinese Communist Party (CCP) International Liaison Depart
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Pak agriculture presents opportunities for Chinese investors
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Experts at a webinar on Saturday feared that the China-Pakistan Economic Corridor (CPEC) might become a debt trap if the authorities did not efficiently actualise the targets of the game-changer initiative. File photo
ISLAMABAD: Experts at a webinar on Saturday feared that the China-Pakistan Economic Corridor (CPEC) might become a debt trap if the authorities did not efficiently actualise the targets of the game-changer initiative.
Institutions, experts and the public at large are still unclear about the scope and targets of CPEC where the Pakistan government has committed billions of dollars to pool in on high rates of interest.
They said a fact-based narrative building is very important while the enemies and unwise friends are spreading rumours for their own vested interests and to malign the CPEC initiatives. A one-window operation shall be the backbone of the agricultural and industrial phase of CPEC which should be handled by the relevant and expert human resource.