Dubai Telegraph - China's Xi vows to deepen infrastructure cooperation with Nepal: state media

EUR -
AED 3.861634
AFN 71.600086
ALL 98.471693
AMD 420.410081
ANG 1.897791
AOA 960.433903
ARS 1063.712824
AUD 1.632545
AWG 1.892476
AZN 1.789602
BAM 1.957244
BBD 2.109856
BDT 125.842818
BGN 1.959144
BHD 0.396331
BIF 3111.117118
BMD 1.051375
BND 1.415964
BOB 7.276367
BRL 6.355672
BSD 1.053067
BTN 89.162764
BWP 14.36646
BYN 3.44344
BYR 20606.959054
BZD 2.111357
CAD 1.478586
CDF 3017.447902
CHF 0.931623
CLF 0.037074
CLP 1022.98801
CNY 7.645631
CNH 7.658487
COP 4665.215769
CRC 534.273737
CUC 1.051375
CUP 27.86145
CVE 110.346388
CZK 25.154363
DJF 187.518308
DKK 7.458035
DOP 63.744591
DZD 140.649862
EGP 52.271125
ERN 15.770632
ETB 131.522454
FJD 2.393404
FKP 0.829869
GBP 0.828652
GEL 3.017541
GGP 0.829869
GHS 15.953767
GIP 0.829869
GMD 74.647949
GNF 9076.34912
GTQ 8.130997
GYD 220.212422
HKD 8.183849
HNL 26.663906
HRK 7.499733
HTG 138.045253
HUF 414.715
IDR 16767.283298
ILS 3.804328
IMP 0.829869
INR 89.044038
IQD 1379.583146
IRR 44249.77092
ISK 145.699012
JEP 0.829869
JMD 165.107067
JOD 0.745528
JPY 157.811983
KES 136.146934
KGS 91.283576
KHR 4245.929744
KMF 491.649444
KPW 946.237517
KRW 1484.053314
KWD 0.323195
KYD 0.877589
KZT 550.942559
LAK 23109.044515
LBP 94300.753312
LKR 305.990241
LRD 188.497237
LSL 19.03604
LTL 3.104439
LVL 0.635967
LYD 5.13879
MAD 10.523862
MDL 19.271214
MGA 4948.602868
MKD 61.606514
MMK 3414.826489
MNT 3572.573763
MOP 8.443229
MRU 41.708176
MUR 49.225647
MVR 16.25468
MWK 1825.942556
MXN 21.3752
MYR 4.679657
MZN 67.193893
NAD 19.036946
NGN 1741.66671
NIO 38.746367
NOK 11.629269
NPR 142.653433
NZD 1.794634
OMR 0.404787
PAB 1.053077
PEN 3.944209
PGK 4.250974
PHP 61.370864
PKR 292.587621
PLN 4.292722
PYG 8205.051792
QAR 3.839532
RON 4.975632
RSD 116.96337
RUB 110.394074
RWF 1453.13032
SAR 3.950247
SBD 8.777465
SCR 14.623095
SDG 632.402526
SEK 11.573825
SGD 1.414316
SHP 0.829869
SLE 23.919028
SLL 22046.822729
SOS 601.826716
SRD 37.199239
STD 21761.349344
SVC 9.214234
SYP 2641.61224
SZL 19.041864
THB 36.051935
TJS 11.478812
TMT 3.679814
TND 3.318548
TOP 2.462424
TRY 36.54276
TTD 7.126595
TWD 34.08927
TZS 2770.374193
UAH 43.965619
UGX 3874.857975
USD 1.051375
UYU 45.463532
UZS 13505.961579
VES 50.2511
VND 26708.09086
VUV 124.821408
WST 2.93501
XAF 656.422426
XAG 0.033808
XAU 0.000397
XCD 2.841395
XDR 0.800983
XOF 656.434922
XPF 119.331742
YER 263.211768
ZAR 19.041198
ZMK 9463.640471
ZMW 28.45899
ZWL 338.54247
  • RBGPF

    -1.0000

    61

    -1.64%

  • RYCEF

    0.0600

    7.5

    +0.8%

  • SCS

    -0.2000

    13.52

    -1.48%

  • CMSC

    -0.0100

    24.56

    -0.04%

  • NGG

    -0.4100

    62.97

    -0.65%

  • GSK

    0.5900

    34.9

    +1.69%

  • RIO

    0.2400

    63.51

    +0.38%

  • BTI

    -0.7000

    37.03

    -1.89%

  • BP

    0.4600

    29.45

    +1.56%

  • AZN

    1.0100

    68.05

    +1.48%

  • VOD

    -0.0400

    8.83

    -0.45%

  • RELX

    0.1500

    47.48

    +0.32%

  • BCC

    -1.0900

    146.43

    -0.74%

  • CMSD

    -0.0800

    24.31

    -0.33%

  • BCE

    0.2700

    27.31

    +0.99%

  • JRI

    0.0400

    13.54

    +0.3%

China's Xi vows to deepen infrastructure cooperation with Nepal: state media

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.

Text size:

The leader of the Himalayan republic was in Beijing on Tuesday to meet Chinese leaders, including Xi and Premier Li Qiang, seeking to expand infrastructure cooperation after breaking with the longstanding tradition of new leaders making their first official visit to neighbouring India.

Oli has sought to walk a fine line between neighbours China and India, the world's two most populous nations, but has favoured Beijing in an effort to cut Kathmandu's historical reliance on New Delhi.

China was ready to "deepen practical cooperation with Nepal, jointly build the Belt and Road Initiative (BRI) with high quality, and enhance connectivity in areas such as ports, transportation, power grids and telecommunications", the official Xinhua news agency quoted Xi as saying.

"These efforts aim to help Nepal transform from a landlocked country to a land-linked country," it added.

Oli, who returned to power in July after two previous terms in the top job, arrived in Beijing on Monday evening to kick off the trip, which will last until Thursday, footage on Chinese state broadcaster CCTV showed.

Beijing's foreign ministry said last week that Xi and Oli would "have in-depth exchanges of views on deepening our traditional friendship".

That includes expanding cooperation under the BRI -- Xi's flagship international infrastructure initiative -- and "exchanges and cooperation in various fields", ministry spokeswoman Mao Ning said.

Pradeep Gyawali, deputy secretary of Oli's Communist Party of Nepal Unified Marxist-Leninist (CPN-UML), told AFP the visit would centre on prior investment deals -- including for the recently finished construction of an international airport in tourist hub Pokhara.

Nepali media reported that Oli likely chose Beijing as his first destination due to the absence of a formal invitation from New Delhi.

And its foreign ministry said he will "exchange views on matters of mutual interest" with his Chinese counterparts during the trip.

He will also deliver a keynote address at China's prestigious Peking University and speak at a bilateral business forum, the ministry said.

India accounted for nearly 65 percent of Nepal's total trade in the 2023-24 fiscal year, according to customs data.

China's trade share was about 15 percent, though Chinese companies lead in some industries -- including a 70 percent share of Nepal's burgeoning electric vehicle market.

India has the highest foreign investment in Nepal, pumping in more than $750 million last year, with China investing more than $250 million, according to Nepal's central bank.

Y.El-Kaaby--DT