Nepal, China shall boost business ties: envoy

Chinese Ambassador to Nepal Yang Houlan said Friday at a seminar here that Nepal and China should boost bilateral business ties.

At a meeting of the Confederation of Nepalese Industries (CNI) Energy Development Council on strengthening relations between Nepal and China, the Chinese ambassador said, "China will continue to encourage qualified Chinese enterprises to participate in the economic construction and social development of Nepal."

Yang, however, underlined that some Chinese enterprises are hesitant in investing in Nepal.

"These problems in the way can be solved through amicable negotiations and enhanced communications," he said.

Nepal's top businessmen along with representatives from the Chinese Embassy and businesspeople have participated in the meeting.

During the meeting, the two sides emphasized on the need for convenient procedures for business and investment activities between the two nations.

The two sides also touched upon the potential of Nepal's hydropower industry and the possibility of Chinese investment.

Chairman of CNI Binod Chaudhary on the occasion stressed the need for relevant organizations to build positive pressure on both sides to strengthen business ties between the two nations.