China’s economic development can also benefit Nepal: Experts

KATHMANDU: Experts claimed that neighboring China’s economic development can also benefit Nepal.

At an interaction ‘China’s Economic Development and New Opportunities for Neighboring Countries’ organized by China Media Group and co-organized by Nepal-China Youth Friendship Association here on Wednesday, the speakers said that China’s economic development will benefit other neighboring countries.

On the occasion, former Nepali Ambassador to China Leelamani Poudyal said China’s economic policy would have an impact in the world.

He said Nepal could benefit from stability and economic development in China. “China’s economic policy during the global recession in 2008 had helped the world economy,” he said.

Diplomat Hiranya Lal Shrestha said China has made great strides in economic development in a short span of time. He said the visit of Chinese President Xi Jinping to Nepal has given some hope for Nepal’s development.

Wang Xin, representative of the Chinese Embassy in Nepal, said China’s economy has been able to take a leap due to rapid industrialization development and research. He also claimed that China contributed 42 per cent to the global economy in 2023.

President of the Federation of Export Entrepreneurs Shankar Pandey, Chairman of Nepal-China Cultural and Educational Council Dr Harish Chandra Shah, Chairman of World Cultural Net Deepak Sarkar, General Secretary of Nepal Himalayan Cross-Border Commerce Association Ram Chandra Parajuli, Secretary of China Study Center Prakash Babu Poudel, among others, said Nepal-China relations have not developed as they should have been.

Chief of China Media Group, South Asia Bureau Zhang Yue and President of Nepal-China Youth Friendship Association Bishnu Sapkota stressed the need to work for Nepal’s development by removing the confusion among the people about Nepal-China relations.