Chindia Alert: You’ll be Living in their World Very Soon
aims to alert you to the threats and opportunities that China and India present. China and India require serious attention; case of ‘hidden dragon and crouching tiger’.
Without this attention, governments, businesses and, indeed, individuals may find themselves at a great disadvantage sooner rather than later.
The POSTs (front webpages) are mainly 'cuttings' from reliable sources, updated continuously.
The PAGEs (see Tabs, above) attempt to make the information more meaningful by putting some structure to the information we have researched and assembled since 2006.
KATHMANDU, April 19 (Xinhua) — A German scholar has recently found that the right to education for Uygurs and people of other ethnic groups is well protected in China’s Xinjiang region, as young people there enjoy increasingly better opportunities.
Michael Heinrich, who has been teaching German in Minzu University of China for more than five years, said in an article published on Online Khabar news website in March that he has “paid close attention to the development of Chinese education in recent years, especially the education situation in ethnic minority areas.”
Heinrich said he has taught a Xinjiang Uygur student, who often talks with him about the education situation in her hometown and appreciates government policies on education.
The Uygur student has told Heinrich that she lives in a place where she receives Islamic religious education and China’s nine-year compulsory education, and the Uygur students in Xinjiang can enjoy preferential policies, such as extra points in college entrance examination, special policies for college admissions, and employment policy support.
In recent years, the Chinese government has intensified policy support on education in Xinjiang Uygur Autonomous Region, and increased investment in educational resources, especially those on vocational education, the article read.
“Through vocational education, more Uyghur Muslim students can enhance their survival skills and work harder by themselves and improve their living standards with these hands,” it said.
For some time, Xinjiang has been plagued by terrorism, religious extremism and separatism, according to the passage, and carrying out vocational education and training in Xinjiang is an effective measure to promote the rule of law and a practical action to protect the vital interests of people of all ethnic groups there.
It is also a just move in fighting extremism and terrorism to contribute to the stability in Xinjiang, it added.
Some Western media outlets as well as some U.S. politicians often slander the Chinese government under the guise of “human rights,” which does not only disregard the facts but also interferes with China’s sovereignty, Heinrich pointed out.
The situation in Xinjiang that they saw was completely different from the stories told by some Western politicians and media, Heinrich quoted some people who have visited Xinjiang and witnessed its development as saying.
The rights to life and development of people of all ethnic groups in Xinjiang are protected to the largest extent, Heinrich added.
KATHMANDU, March 29 (Xinhua) — The emergency epidemic prevention materials donated by the Chinese side arrived here on Sunday to help Nepal fight the COVID-19 pandemic.
The supplies that arrived at Tribhuvan International Airport in Nepali capital city Kathmandu in the wee hours of Sunday were formally handed over to the Nepali Health Minister Bhanu Bhakta Dhakal by the Chinese Ambassador to Nepal Hou Yanqi.
Dhakal welcomed the Chinese support and expressed gratitude to the northern neighbor for helping the Himalayan country overcome the epidemic.
“I would like to thank the Chinese people and the Chinese government for supporting Nepal in this difficult time to fight the COVID-19,” the minister said during the handover ceremony.
At a time when many countries are fighting against this battle, China keeping Nepal in the priority list and sending supplies immediately is really commendable, the minister expressed, adding that Nepal expects China’s support in the coming days as well.
The donations from China’s Sichuan Province and the Chinese Embassy include different kinds of masks, thermometers, Chloroquine phosphate tablets, protective clothing and portable ventilators weighing 1.1 tons.
Similarly, the donation from Alibaba Foundation, Jack Ma Foundation includes 100,200 N95 masks and 20,064 PCR test kits weighing 1.4 tons.
“We will try our best to send other necessary supplies as soon as possible. In case of any emergency, we can send a medical expert team or arrange a video conference meeting as well to help the health workers here,” the Chinese ambassador said.
She also welcomed the national lockdown enforced by the Nepal government, stating that it has received encouraging support from the general public.
Nepal is reportedly in dire need for medical supplies as the entire situation escalates in the country. Nepal, facing the shortage of test kits and personal protective equipment for health workers, has recorded five confirmed cases of the COVID-19 so far.
But there is a growing concern over a possible spike in the cases due to the relatively low number of tests. Nepal has enforced a week-long nationwide lockdown since March 24 to prevent the spread of infection.
The health ministry said that the received support materials will be distributed to federal and provincial levels hospitals immediately and will be useful for the prevention and management of the COVID-19 in Nepal.
Mahendra Shrestha, director general at the Department of Health Services under the Health Ministry, told Xinhua on Saturday, “The procured test kits from China will help us in the situation of spike in positive cases of the COVID-19.”
Media caption Americans are taken from the docked ship to Haneda airport in Tokyo
Two planes carrying hundreds of US citizens from a coronavirus-hit cruise ship have left Japan, officials say.
One plane has landed at a US Air Force air base in California, and its passengers will be isolated at military facilities for 14 days.
There were some 400 Americans on board the Diamond Princess. The ship with some 3,700 passengers and crew has been in quarantine since 3 February.
Meanwhile, China reported a total of 2,048 new cases on Monday.
Of those new cases, 1,933 were from Hubei province, the epicentre of the outbreak.
More than 70,500 people across China have been infected by the virus. In Hubei alone, the official number of cases stands at 58,182, with 1,692 deaths. Most new cases and deaths have been reported in Wuhan, Hubei’s largest city.
In other developments:
In Japan, a public gathering to celebrate the birthday of new Emperor Naruhito later this week has been cancelled, due to concerns over the spread of the virus while organisers of the Tokyo marathon due to take place on 1 March are considering whether to cancel the amateur part of the race, reports say
In China, the National People’s Congress standing committee said it would meet next week to discuss a delay of this year’s Congress – the Communist Party’s most important annual gathering – because of the outbreak
At the weekend, an American woman tested positive for the virus in Malaysia after leaving a cruise liner docked off the coast of Cambodia
A Russian court has ordered a woman who escaped from a quarantine facility to go back and stay there until she is confirmed to be disease-free, Fontanka news agency reports. Alla Ilyina has until Wednesday to return
What’s happening on the Diamond Princess?
The cruise ship was put in quarantine in Japan’s port of Yokohama after a man who disembarked in Hong Kong was found to have the virus.
On Monday, Japanese officials said there were 99 new cases of infections on board the ship, bringing the total to 454 confirmed cases. It is the largest cluster of cases outside China.
A Russian woman who was on board and tested positive is thought to be the first Russian national to contract the virus after the two previous cases found in Russia were Chinese nationals, Reuters news agency reports.
She will be taken to a hospital for treatment, the Russian embassy in Japan said.
At least 40 US citizens who were on board are infected and will be treated in Japan, Dr Anthony Fauci, Director of the National Institute of Allergy and Infectious Diseases told US broadcaster CBS.
Image copyright AFPImage caption Those bound for the US left from Tokyo’s Haneda Airport
The two aircraft chartered by the US government left Tokyo’s Haneda Airport in the early hours of Monday. The second flight was due to land at another base in Texas.
More than 300 passengers are being repatriated voluntarily, the US state department said. Fourteen of them were reported during transit to have tested positive for the virus and were being kept separate from the other passengers, it said.
we would like to just finish the quarantine on the ship as planned, decompress in a non-quarantine environment in Japan for a few days, then fly back to the U.S. pursuant to our own arrangements. What’s wrong with that?
The smartphones were distributed so people could use an app, created by Japan’s health ministry, which links users with doctors, pharmacists and mental health counsellors. Phones registered outside of Japan are unable to access the app.
Other evacuation flights have been arranged to repatriate residents of Israel, Hong Kong and Canada. On Monday, Australia announced that it would evacuate 200 of its citizens too.
What is happening in China?
According to official figures for 16 February, 100 people died from the virus in Hubei, down from 139 on Saturday.
The Chinese authorities are tightening curbs on movement to combat the outbreak. People in Hubei province, which has 60 million people, have been ordered to stay at home, though they will be allowed to leave in an emergency.
In addition, a single person from each household will be allowed to leave the building or compound they live in every three days to buy food and essential items.
On housing estates, one entrance will be kept open. It will be guarded to ensure that only residents can enter or leave.
All businesses will stay closed, except chemists, hotels, food shops and medical services.
“The effects of epidemic prevention and control in various parts of the country can already be seen.”
The proportion of infected patients considered to be in a “serious condition” has dropped nationwide from more than 15% to just over 7%, according to China’s State Council.
Taiwan has reported a death from the illness – a taxi driver, 61, who had not travelled abroad recently but had diabetes and hepatitis B, Health Minister Chen Shih-chung said.
The minister said many of his passengers had come from China.
Outside China, there have been more than 500 cases in nearly 30 countries. Four others have died outside mainland China – in France, Hong Kong, the Philippines and Japan.
Meanwhile, a plane carrying 175 evacuated Nepalis, mostly students, has arrived in Kathmandu from Wuhan.
Nepali President Bidya Devi Bhandari hosts a grand farewell ceremony for Chinese President Xi Jinping at the airport in Kathmandu, Nepal, Oct. 13, 2019. Nepali Vice President Nanda Bahadur Pun, Prime Minister K.P. Sharma Oli, Chairman of the National Assembly Ganesh Prasad Timilsina, cabinet members and senior army generals also attended the ceremony. Chinese President Xi Jinping returned to Beijing from Kathmandu on Sunday. (Xinhua/Gao Jie)
BEIJING, Oct. 13 (Xinhua) — Chinese President Xi Jinping returned to Beijing Sunday evening after his second informal meeting with Indian Prime Minister Narendra Modi in India and a state visit to Nepal.
Xi’s entourage, including Ding Xuexiang, member of the Political Bureau of the Communist Party of China (CPC) Central Committee, member of the Secretariat of the CPC Central Committee, and director of the General Office of the CPC Central Committee; Yang Jiechi, member of the Political Bureau of the CPC Central Committee and director of the Office of the Foreign Affairs Commission of the CPC Central Committee; State Councilor and Foreign Minister Wang Yi; and He Lifeng, vice chairman of the National Committee of the Chinese People’s Political Consultative Conference and head of the National Development and Reform Commission, also returned to Beijing on the same plane.
As Xi and his entourage were leaving Kathmandu on Sunday noon local time, people of Nepal flocked to both sides of a road leading to the airport, waving flags and playing music to see the Chinese guests off.
Nepali President Bidya Devi Bhandari hosted a grand farewell ceremony for Xi at the airport. Nepali Vice President Nanda Bahadur Pun, Prime Minister K.P. Sharma Oli, Chairman of the National Assembly Ganesh Prasad Timilsina, cabinet members and senior army generals also attended the ceremony, which featured a 21-gun salute and the playing of national anthems of China and Nepal.
Calling his visit to Nepal a “very successful” one, Xi told Bhandari that upon his arrival, he had been warmly welcomed by the Nepali government and people.
Xi said he was convinced that the China-Nepal friendship enjoyed lasting popularity among the two peoples and will be unbreakable.
Expressing his appreciation for the arrangements made by the Nepali president, government and people, Xi said he was very satisfied with the visit that had resulted in the upgrading of bilateral relations.
He called for joint efforts to further develop the friendly relations between the two countries.
Bhandari said Xi’s successful and fruitful visit has become a milestone in the history of bilateral ties.
The Nepal-China relationship has entered a new era and stepped on a new height, Bhandari said, adding that Nepal will resolutely work with China to promote friendly and good neighborly relations and strategic cooperative partnership.
Nepali President Bidya Devi Bhandari hosts a grand farewell ceremony for Chinese President Xi Jinping at the airport in Kathmandu, Nepal, Oct. 13, 2019. Nepali Vice President Nanda Bahadur Pun, Prime Minister K.P. Sharma Oli, Chairman of the National Assembly Ganesh Prasad Timilsina, cabinet members and senior army generals also attended the ceremony. Chinese President Xi Jinping returned to Beijing from Kathmandu on Sunday. (Xinhua/Gao Jie)
BEIJING, Oct. 13 (Xinhua) — Chinese President Xi Jinping returned to Beijing Sunday evening after his second informal meeting with Indian Prime Minister Narendra Modi in India and a state visit to Nepal.
Xi’s entourage, including Ding Xuexiang, member of the Political Bureau of the Communist Party of China (CPC) Central Committee, member of the Secretariat of the CPC Central Committee, and director of the General Office of the CPC Central Committee; Yang Jiechi, member of the Political Bureau of the CPC Central Committee and director of the Office of the Foreign Affairs Commission of the CPC Central Committee; State Councilor and Foreign Minister Wang Yi; and He Lifeng, vice chairman of the National Committee of the Chinese People’s Political Consultative Conference and head of the National Development and Reform Commission, also returned to Beijing on the same plane.
As Xi and his entourage were leaving Kathmandu on Sunday noon local time, people of Nepal flocked to both sides of a road leading to the airport, waving flags and playing music to see the Chinese guests off.
Nepali President Bidya Devi Bhandari hosted a grand farewell ceremony for Xi at the airport. Nepali Vice President Nanda Bahadur Pun, Prime Minister K.P. Sharma Oli, Chairman of the National Assembly Ganesh Prasad Timilsina, cabinet members and senior army generals also attended the ceremony, which featured a 21-gun salute and the playing of national anthems of China and Nepal.
Calling his visit to Nepal a “very successful” one, Xi told Bhandari that upon his arrival, he had been warmly welcomed by the Nepali government and people.
Xi said he was convinced that the China-Nepal friendship enjoyed lasting popularity among the two peoples and will be unbreakable.
Expressing his appreciation for the arrangements made by the Nepali president, government and people, Xi said he was very satisfied with the visit that had resulted in the upgrading of bilateral relations.
He called for joint efforts to further develop the friendly relations between the two countries.
Bhandari said Xi’s successful and fruitful visit has become a milestone in the history of bilateral ties.
The Nepal-China relationship has entered a new era and stepped on a new height, Bhandari said, adding that Nepal will resolutely work with China to promote friendly and good neighborly relations and strategic cooperative partnership.
Chinese President Xi Jinping meets with Nepali President Bidya Devi Bhandari in Kathmandu, Nepal, Oct. 12, 2019. (Xinhua/Xie Huanchi)
KATHMANDU, Oct. 12 (Xinhua) — China and Nepal agreed on Saturday to upgrade their relations to a strategic partnership of cooperation featuring ever-lasting friendship for development and prosperity.
The agreement was made and announced when Chinese President Xi Jinping met with his Nepali counterpart, Bidya Devi Bhandari.
Xi said that he came to Nepal as scheduled after Bhandari warmly invited him for a visit this year when they met in Beijing in April. He also agreed that as what Bhandari has said there is only friendship and cooperation between China and Nepal.
Xi said that he saw sincere smile on the faces of the Nepali people and felt the friendship from the deep of their heart toward the Chinese people, adding that he felt once again that the China-Nepal friendship enjoys broad consensus and solid foundation in Nepal.
The two peoples have shared weal and woe, and set an example of friendly exchanges between neighboring countries, said Xi, adding that he hopes to carry forward the traditional friendship and take the bilateral relationship to a new and higher level via the visit.
Xi called on the two sides to consolidate the political foundation of bilateral ties, and set the building of a community with a shared future as a long-term goal for the development of China-Nepal relations.
The Chinese president appreciated Nepal’s firm adherence to the one-China policy, saying that China will as always support Nepal in safeguarding its national independence, sovereignty and territorial integrity.
The two sides should build an all-round cooperation pattern, carry out the construction of a trans-Himalayan connectivity network, and expand exchanges and cooperation in various fields, Xi said.
Noting that China just celebrated the 70th anniversary of the founding of the People’s Republic of China (PRC), Xi said that China will continue to deepen reform and expand opening-up so as to advance high-quality development.
A stable, open and prosperous China will always be a development opportunity for Nepal and the rest of the world, the Chinese leader added.
For her part, Bhandari warmly welcomed Xi’s state visit to Nepal and congratulated again on the 70th anniversary of the founding of the PRC, saying that Nepal is willing to learn from China’s successful experience of development.
Bhandari said she believes that the Chinese people, under the leadership of the Communist Party of China, will realize the Chinese Dream of national rejuvenation, which will definitely bring benefits to Nepal, and help promote regional peace, development and prosperity.
Noting that Xi is the first Chinese president to visit Nepal in 23 years, Bhandari said the visit is of historic significance, adding that the two countries’ announcement of establishing a strategic partnership of cooperation will consolidate the two countries’ traditional friendship, enrich the contents of bilateral ties and usher in a new era for the Nepal-China relationship.
Nepal, she said, respects China’s sovereignty and territorial integrity and will never allow any anti-China force to engage in anti-China activities in Nepal, adding that Nepal is willing to actively participate in the Belt and Road Initiative and the building of a trans-Himalayan connectivity network.
Nepal is the second leg of Xi’s two-country trip, which also took him to the southern Indian city of Chennai for an informal meeting with Indian Prime Minister Narendra Modi.
The leaders agreed to set up a mechanism to boost economic ties and tackle India’s trade deficit with China after their second informal summit
As 2020 is the 70th anniversary of diplomatic ties between both countries, India and China will hold 70 events next year to promote relations
Indian Prime Minister Narendra Modi and Chinese President Xi Jinping during their meeting in Mamallapuram, Chennai. Photo: EPA
Chinese President Xi Jinping and Indian Prime Minster Narendra Modi concluded their second informal summit on Saturday by pledging to overcome trade differences and appreciate “each other’s autonomous foreign policies”, signalling an effort to focus on mutual interests rather than on long-standing contentious issues.
Modi remarked that both sides had agreed to be “sensitive” to each other’s concerns and not let differences escalate into disputes, while Xi called for communication to “alleviate suspicions” and for India and China to enhance strategic mutual trust, according to state news broadcaster CCTV.
Their desire to look beyond irritants in diplomatic ties, including a decades-long border row and China’s close military ties with India’s arch rival, Pakistan, comes as Beijing is embroiled in a tariff war with Washington that has rocked the global economy.
In a sign of China’s willingness to address India’s trade deficit with it, the leaders agreed to launch a “High Level Economic and Trade Dialogue”.
As Xi meets Modi, Chinese in Chennai hope to witness the ‘Wuhan spirit’
Chinese Vice-Premier Hu Chunhua and Indian Finance Minister Nirmala Sitharaman will meet regularly to discuss ways to boost two-way trade and investments, Indian foreign secretary Vijay Gokhale said in a media briefing.
India has a US$53 billion trade deficit with China, which makes up almost a third of its total trade deficit. It is also facing pressure to decide if it will commit to the China-led
(RCEP), which aims to create the world’s largest trading bloc involving 16 countries before the end of the year.
Narendra Modi exchanges gifts with Xi Jinping. Photo: AFP
Negotiations are ongoing with talks taking place in Bangkok this week, but India’s domestic producers have opposed the agreement over fears of a flood of Chinese imports. On Friday, the Indian government rejected clauses in the agreement related to e-commerce, according to reports.
Gokhale told the media briefing that both leaders, who met in the coastal town of Mamallapuram about 50km away from Chennai, briefly discussed the RCEP.
“PM Modi said India was looking forward to the RCEP but it is important that RCEP is balanced, that a balance is maintained in trade in goods, trade in services and investments,” he said, adding that Xi agreed to further discussions of India’s concerns on the issue.
Narendra Modi with Xi Jinping in Mamallapuram. Photo: EPA
CCTV said Xi had six suggestions for how China and India could further improve ties, including assessing each other correctly and stepping up cooperation between their militaries. Besides economic and trade dialogue, China welcomed Indian pharmaceutical and IT companies to invest there, he said.
“We should look at disputes with a correct mind, and not let disputes affect cooperation.
“Both sides should properly and fairly get a solution for border disputes that are acceptable to each other … [and] cautiously handle each other’s core interests, and take proper measures to control issues that cannot be resolved immediately,” the president reportedly said.
Gokhale told reporters that both countries had agreed to pursue, through special representatives, an ongoing dialogue on their disputed border. China and India have held more than 20 rounds of talks to resolve their boundary dispute, over which they went to war in 1962. Different mechanisms have been set up to maintain peace along the 4,000-kilometre (2,485-mile) so-called Line of Actual Control.
Xi and Modi bank on chemistry as they talk trade and terrorism
Gokhale confirmed that the leaders – who met for a total of seven hours over Friday and Saturday, with the bulk of their time spent in one-on-one talks – did not discuss
has lobbied its allies – including its all-weather friend China – to support its opposition to the move. New Delhi had reacted sharply to Beijing’s move to take the matter to the United Nations, insisting that it was a purely bilateral issue. Two days before the summit, Xi had hosted Pakistan Prime Minister Imran Khan and had assured him of China’s support on all core issues, a statement that had irked India.
Gokhale said both leaders “emphasised the importance of having independent and autonomous foreign policies”.
“President Xi said that the two countries needed to have more extensive dialogue in order to understand each other’s perspectives on major global and regional issues,” he added.
Narendra Modi exchanges gifts with Xi Jinping. Photo: AFP
The leaders also discussed terrorism, with a statement issued later by New Delhi saying both sides would make efforts to ensure the international community strengthened its framework “against training, financing and supporting terrorist groups throughout the world and on a non-discriminatory basis”.
The China-led multilateral Financial Action Task Force, which has been investigating Pakistan’s efforts to stamp out the financing of terrorism, is expected to decide soon if it would add Islamabad to its blacklist along with Iran and North Korea, a move that could invite stringent economic sanctions and drive away international financial institutions, both of which could affect Pakistan’s already-indebted economy adversely.
Gokhale added that as 2020 is the 70th anniversary of diplomatic ties between both countries, India and China will hold 70 events next year to promote people-to-people ties, with Modi accepting an invitation by Xi for the next informal summit to be held in China.
Both leaders had struck positive notes on the summit – with Xi describing their discussions as “candid” and between friends and Modi hailing the “Chennai Connect” meeting as marking a new era of cooperation between both countries.
War games, Kashmir and a US$57b question: the issues as Xi meets Modi
But analysts said they would be looking to see how the newly-announced high-level mechanism on trade panned out.
Narayani Basu, a New Delhi-based author, foreign policy analyst and China watcher felt the summit had achieved its purpose of bagging small wins for both sides.
“Discussing contentious issues would have defeated the purpose of the summit. The idea behind such a summit must be that despite the overarching posturing on different divergent issues, the two countries can achieve the easily-achievable wins. That is what the summit seems to have tried doing.”
But in terms of actual outcomes, she said she remained sceptical.
“I don’t think there has been much progress in the ties between the two countries since the last summit in Wuhan. Hence, this time, there is a lot more caution and scepticism towards such a summit,” she said, referring to the first summit last year in the Chinese city of Wuhan.
During Xi’s visit to southern India, which lasted 24 hours in all, Modi took him on a personal tour of temple monuments dating back to the seventh and eighth century in Mamallapuram when regional leaders had trade ties with Chinese provinces. He was also shown local artisan handicrafts and art forms, and gifted a handwoven silk portrait, a lamp and a painting.
Xi gave Modi a porcelain plate with the image of the prime minister’s face printed on it.
Xi Jinping with Narendra Modi in Mamallapuram. Photo: Reuters
On Friday, New Delhi announced that visa rules for Chinese nationals visiting India would be relaxed, with multiple-entry visas with a validity period of five years available from this month onwards. At present, most visas are single-entry and usually for between 30 and 60 days. Visa fees would also be reduced, the government said, with the multiple-entry visa costing US$80.
This was aimed at further enhancing “people-to-people exchanges between the two countries and [encouraging] more Chinese tourists to choose India as a destination for tourism purposes,” it said in a statement.
Xi left Chennai on Saturday afternoon and arrived in Nepal, which lies in between India and China. He will be the first Chinese president to visit Nepal in 22 years and is expected to sign a slew of deals with Nepal’s Prime Minister K.P. Sharma Oli, including the planned extension of the rail link from remote, mountainous Tibet to Nepal’s capital, Kathmandu.
The link will be part of Beijing’s ambitious infrastructure project to boost trade, the
More than 120 countries have signed on to the BRI, including Pakistan, where a series of projects worth US$46 billion are being constructed under the China-Pakistan Economic Corridor (CPEC). India has snubbed the BRI and questioned the transparency of funding agreements.
Maha Prasad Adhikari, Chief Executive Officer (CEO) of Nepal Investment Board (IBN) speaks during a signing ceremony of the construction of China-Nepal Friendship Industrial Park, in Kathmandu, Nepal, Oct. 3, 2019. Damak Clean Industrial Park, a China-invested company, has signed a Memorandum of Understanding with Nepal Investment Board (IBN) for the China-Nepal Friendship Industrial Park in Nepal’s eastern Jhapa district. (Photo by Sunil Sharma/Xinhua)
KATHMANDU, Oct. 4 (Xinhua) — Damak Clean Industrial Park, a China-invested company, has signed a Memorandum of Understanding with Nepal Investment Board (IBN) for the China-Nepal Friendship Industrial Park in Nepal’s eastern Jhapa district.
Damak Clean Industrial Park President Govinda Thapa and IBN Chief Executive Officer Maha Prasad Adhikari signed the MoU at a function on Thursday evening in Kathmandu.
Lhasa Economic and Technological Development Zone Investment Development Company Limited is investing in the project which aims to develop a complete industrial infrastructure for industries to come in and operate there.
“Industries related to food products, home appliances, transport equipment electrical and communication equipment will be brought inside the park,” Zhou Chengjie, chairman of Lhasa Economic and Technological Development Zone Investment Development Company Limited, said during the signing ceremony.
The location is the hometown of Nepali Prime Minister KP Sharma Oli.
The IBN, a government body focused on promoting large scale investment, approved Foreign Direct Investment (FDI) of 586 million U.S. dollar from the Chinese company in August.
“This investment is for the first phase of the works under which industrial park will be developed in 484.81 hectares of land out of planned development in 1,600 hectares,” Zhou said.
According to him, the project will be developed in four phases and his company has aimed to invest 1 billion U.S. dollar for the entire development. It will be one of the largest FDI to Nepal from China in recent years.
IBN CEO Adhikari said the China-Nepal Friendship Park would be milestone for industrial infrastructure development in Nepal as industrial infrastructure in the Himalayan country has remained poor.
“This will also help Nepal to utilize the economic opportunity offered by the Belt and Road Initiative,” he said.
CHINDIA ALERT: You'll be living in their world, very soon 