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| | | is highly imbalanced in favour of China and the Chinese authorities realize that if they have to generate goodwill for their economic endeavours in Nepal they will have to make certain concessions.
To negate any overtures on that behalf, China has introduced a zero-tariff facility for over 4,000 Nepalese goods. But given the nature of China-Nepal trade there are hardly any goods that Nepal can trade or use to balance China's massive investments. China's new found interest in Nepal has been welcomed by the locals since many Nepalese feel concerned about Indian hegemony in the region and public opinion of India is by and large quite negative. The statements by the new Chinese envoy Chairman Dahal have reassured Nepal that "China will never deviate from its policy of non-interference in the internal matters of Nepal." By doing this China has avoided the pitfalls of Indian diplomacy which is dubbed 'arrogant' and unnecessary meddling in Nepalese affairs.
India continues to be the largest investor in Nepal amounting to a total of 45 per cent of its foreign investment, but despite this, its economic endeavours are seen with scepticism and China's increased assistance is seen as a positive balance to India. Simultaneously, the appointment of Jayant Prasad as the Indian ambassador comes as an effort to recuperate from the losses in |
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