BLUF

The agreement with China targets economic development in the area of Nepal bordering China—encompassing digital economy, green energy, and translation of ancient Buddhist texts.

Summary

KEY POINTS:
  1. Nepal is not going to support or join China’s Global Security or Belt and Road (BRI) Initiatives.
  2. Focused on development.
  3. Looking for low-interest loans or grants rather than loan-based BRI projects.
READ: Nepal Refuses To Join China’s Security Alliance – Analysis

References