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China raises Nepal aid five-fold in regional diplomacy push

Dec 27, 2014    

KATHMANDU (Reuters) - China will increase official aid to Nepal by more than five times from fiscal 2015-16, officials said on Friday, to develop infrastructure in the landlocked nation where regional rival India has long wielded political influence.The jump in assistance was announced after talks between visiting Chinese Foreign Minister Wang Yi and his Nepali counterpart Mahendra Bahadur Pandey, part of a deepening engagement which is expected to lead to a visit by President Xi Jinping next year.Both India and China have been courting the Himalayan nation as they worry about its slow transit...

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