Kathmandu [Nepal], March 18 (ANI): China is promoting new ways to engage Nepal post- Millennium Challenge Corporation (MCC) compact ratification, a grant of USD 500 million developmental assistance from the US to Kathmandu. This exploration starts with Chinese Foreign Minister Wang Yi’s visit.
The foreign ministry in Beijing has apparently concluded in its review that China’s presence in Nepal is weakening. President Xi J
China promoting new ways to engage Nepal post-MCC compact ratification
