Chinese investment rising: visibility in the districts
India is by far Nepal’s biggest foreign investor and trading partner historically. But China is catching up more than ever. Last year, Nepal’s big neighbour to the north invested more money than India for the first time! In addition, though India is still ahead in commerce, accounting for 53 percent of Nepal’s foreign trade, it’s share is down from 60 percent in 2006, while China’s share is up from just 3 percent to 31 percent! In other words, since the end of the Maoist conflict, Chinese investment and trade in Nepal has been going only up. How is that visible out in the districts? Well, here are the latest major examples.
