New Delhi: In the dusty outskirts of Kathmandu, south of the Himalayan mountain range that holds the world’s highest peaks, Chinese engineers in orange hard hats oversee construction of Nepal’s first eight-lane highway. The $45 million upgrade of a road circling the Nepalese capital is one of dozens of projects helping China challenge India’s dominance in a country that is sandwiched between them. Until recently, the Himalayas served as a natural barrier that prompted Nepal to trade more across its flat border with India. “China is growing in importance,” Ram Sharan Mahat, Nepal’s finance minister, said in a 4 December interview in Kathmandu. “Because of new trade horizons and the cheap pricing of Chinese goods, Chinese trade vis-a-vis Nepal is growing.
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China breaks India monopoly on Nepal economy as investment grows
Akshay Mathur, Head of Research and Geopolitics Expert, Gateway House, has been quoted in an article on Chinese investment in Nepal. This article has been published by Live Mint