China’s BRI becoming increasingly burdensome, unappealing

Recent reports suggest that Italy is highly unlikely to renew its expiring Belt and Road Initiative (BRI) deal with China early next year. These reports also signify a diminishing appeal of the initiative due to a lack of tangible results and growing tensions. German Chancellor Olaf Scholz had also expressed frustration with the BRI and […]

सम्बन्धित सामग्री

Reap benefits from MCC, BRI as per people's interest

Speaker Devraj Ghimire has viewed Nepal could reap benefit from MCC and BRI by keeping in centre the interest of country and people.

Reap benefits from MCC, BRI as per people's interest

Speaker Devraj Ghimire has viewed Nepal could reap benefit from MCC and BRI by keeping in centre the interest of country and people.

BRI enters the tenth year

On 25 June 2021, China inaugurated a 435km section of the Lhasa-Nyingchi Electrified High-speed Rail. The ‘bullet train’ will have a top speed of 160 km/h and bring Chengdu closer to the Nepal border when completed in 2025. Photo: Xinhuanet early a decade since China adopted the Belt and Road Initiative (BRI) and five years […]

Neither MCC nor BRI: Here are highlights of Wang Yi’s Nepal visit

Chinese Foreign Affairs Wang Yi has completed all his formal engagements during his official visit to Nepal on Sunday afternoon. The post Neither MCC nor BRI: Here are highlights of Wang Yi’s Nepal visit appeared first on OnlineKhabar English News.

'Nepal is an important partner for China to jointly build the BRI'

KATHMANDU, July 12: Chinese Ambassador to Nepal, Hou Yanqi said that Nepal is an important partner for China to jointly build the BRI. Addressing a virtual press conference by the Chinese Embassy in Nepal on Monday, Ambassador Yanqi said that China-Nepal bilateral cooperation in various fields have made positive progress. On the occasion, she also shared that the China-aided Kathmandu Durbar High School Reconstruction Project was completed and handed over to the Nepali side. "The pre-feasibility study of the Tokha-Chhahare Tunnel Project has been finished. "The construction of Pokhara International Airport and Gautam Buddha International Airport is underway. "The construction of the third phase of China Aid Araniko Highway Long-term Opening Maintenance Project has started. " Trans-Himalayan multi-dimensional connectivity network is gradually taking shape." On a different note, Ambassador Yanqi said that China has actively carried out international cooperation in the fight against the coronavirus pandemic, and is committed to ensuring accessibility and affordability of vaccines in developing countries. According to her, China has provided over 450 million doses of vaccines to nearly 100 countries including Nepal. "The first batch of the vaccines procured by Nepal from China has arrived. I hope those vaccines will play an important role in building an immune firewall for the Nepali people," she added. On the occasion, she said that Nepal, like other developing countries, provides support to China within its capability, actively speaks for China on international and multilateral occasions, resolutely opposes some countries’ smear against China on issues such as human rights and origin-tracing of COVID-19 virus. "Just as President Xi Jinping reiterated, China will always be a member of the developing world. No matter how the international situation changes, we will always be a reliable friend and sincere partner of developing countries."

The BRI miracle

A cost-benefit analysis shows that the economic case for BRI is so strong one may ask why China didn’t undertake it sooner.