23 December 2016

News Story: China's "One Belt One Road" to play crucial role in South Asia infrastructure development - Nepalese minister

KATHMANDU, Dec. 22 (Xinhua)-- The "One Belt One Road" initiative introduced by Chinese President Xi Jinping can play a crucial role in the infrastructure development of Nepal and the entire South Asia region, a Nepalese minister said here Wednesday.

Nepalese Minister for Federal Affairs Hitraj Pandey made the remarks during a meeting with a visiting delegation of the Tibet Autonomous Regional People's Congress of China, which arrived Wednesday at the invitation of Nepalese Parliament Speaker Onsari Gharti.

"Nepal has already welcomed the 'One Belt One Road' initiative introduced by the dynamic Chinese leadership under President Xi Jinping, while we have also become one of the founding members of the China-initiated Asian Infrastructure Investment Bank (AIIB)," the minister said.

"Our government believes that China's such tremendous initiatives can play crucial role in the infrastructure development in Nepal and the entire South Asia region," he said.

The minister said that Nepal wants to reap benefit from China's rapid socio-economic development.

Read the full story at Xinhua