Nepal and South Asia welcome Chinese FDI to boost growth
By Mahendra Subedi | China Daily | Updated: 2018-04-23 07:25
As China's economy expands rapidly, its investment in neighbouring countries, especially those in South Asia, is also on the rise. Chinese investments have greatly benefited countries such as Pakistan, Bangladesh, Sri Lanka and Nepal, even India.
Chinese investors are widening their business outreach in South Asian countries by investing capital in various sectors, mainly in infrastructure, hospitality, tourism and manufacturing. In particular, Chinese investment has surged since the Chinese leadership unveiled the Belt and Road Initiative.
Bangladesh, for example, has received $27 billion in investments and grants from China - the corresponding amounts for Pakistan and Nepal are $65 billion and $16 billion.
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