Country: Nepal

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From Dali to Kathmandu: Why Burned-Out Chinese Millennials Are Fleeing to Nepal for a Better Chill

As burnout reaches critical levels among China’s young professionals, a new wave of job-quitters is quietly shifting their escape route. Once drawn to the artsy idyll of Dali in Yunnan, many have now set their sights on Nepal, where the pace is slower, the costs are lower, ...

Nepal Signs Belt and Road Deal

The Nepalese government announced on Wednesday that it signed a framework agreement with China on the Belt and Road Initiative. Kathmandu signed an initial BRI agreement in 2017, but projects have not progressed so far. The new agreement paves the way ...

China’s Xi Vows to Deepen Infrastructure Cooperation With Nepal: State Media

President Xi Jinping on Tuesday told Nepali Prime Minister Khadga Prasad Sharma Oli that China will offer more support to develop the country's infrastructure, Chinese state media reported. The leader of the Himalayan republic was in Beijing on Tuesday to meet ...

Nepal PM Kicks off China Visit Eyeing Investment Deals

Nepal's prime minister was in Beijing on Tuesday to meet Chinese leaders, seeking to expand infrastructure cooperation after breaking with the longstanding tradition of new leaders making their first official visit to neighboring India. Khadga Prasad Sharma Oli, who returned to ...

Nepal PM to Make Official Visit to China

Nepal's premier will visit China next week, the foreign ministry said Friday, a departure from the usual practice by the Himalayan republic's leaders of making India their first official destination. Khadga Prasad Sharma Oli, who returned to power in July, departs ...

Analysis from Cobus van Staden

Plugging into African Agency

After several years of declining funding, the African end of the Belt and Road Initiative seems to be roaring back. The newest Griffith University/Green Development Finance Center data on the Belt and Road Initiative shows that engagement with Africa jumped by 395%, while a few big projects boosted engagement in Nigeria alone more than twelvefold.

These shifts indicate a window of opportunity for African electrification. 60% of Africans still lack ...

The BRI Is Back on in Nepal With Funding for Hydropower Plant

Approval of a loan to support a Chinese hydropower project could signify a breakthrough in the so far stillborn development of the BRI in Nepal. A provincial Chinese energy SOE, Sichuan Chuantou Energy, secured a $182.50 million loan from the Export-Import ...

Nepal Walks a China-India-U.S. Tightrope as Prime Minister Heads to Beijing

Nepal’s Prime Minister Pushpa Kamal Dahal (nicknamed “Prachanda”) arrives in China on Friday for the second overseas visit since he took office. His first, in June, was to India, and the choice of destinations shows the delicate balance Nepal has to strike between its giant neighbors. ...

China’s Ambassador to Nepal Sparks New Uproar in India

China's steadily worsening ties with India soured further on Tuesday when Beijing's ambassador to Kathmandu, Chen Song, criticized New Delhi's "policies towards Nepal and other neighbors" as "not so friendly." Chen's remarks sparked an angry response in the Indian media, which ...

State Department Sends Top Official to Asia and the Middle East to Bolster Ties Amid Rising Competition With China

Victoria Nuland, the State Department's under secretary for political affairs and one of Washington's most senior diplomats, arrived in the Nepalese capital of Kathmandu on Sunday -- the first stop on a three-nation, week-long tour that also includes Sri Lanka and Qatar. Unlike ...