Nepal China Relation: Six-point agreement was signed between Nepal and China under BRI, the first agreement was signed in 2017

Nepal and China have signed a six-point agreement under Beijing's Belt and Road Initiative (BRI). Cooperation, administrative exchanges and monitoring arrangements between the two countries will be increased. The agreement was signed by Agni Prasad Sapkota, chairman of the Nepali House of Representatives and Li Zhanshu, chairman of the Standing Committee of the National People's of China. The two countries will exchange information on legislative and government work. 

The first agreement on BRI was signed in 2017

Li Zhanshu is in Nepal these days on a four-day visit. The first agreement on BRI between Nepal and China was signed in 2017, but no significant progress has been made in this direction in the last five years. According to Pretr, Li Zhanshu met with Nepal's Prime Minister Sher Bahadur Deuba and other senior leaders on Tuesday. During this, views were exchanged on many issues related to common interests along with increasing bilateral trade, investment and connectivity. 

China's clarification on BRI

Significantly, China's communist rulers are deeply hurt by the worldwide discredit of their Belt and Road Initiative as a debt trap. For the first time, the Chinese government has taken a defensive stand for this initiative and explained it. In the past, the Communist government has said, 'This is a bright path for everyone to progress unitedly. This is not the private route of any one party. 

On September 8, a report was published in the People's Daily highlighting the stand of the rulers of China. The report said that co-creation reflects open and inclusive thinking, the wisdom to move forward together and the accountability to achieve shared growth. The report cites several examples to glorify China's generosity and help developing countries.