Economy

Whether to follow the US’ tariff policies tests Europe’s strategic autonomy

On May 21, while attending an event in Frankfurt, Germany, US Treasury Secretary Janet Yellen claimed that “the US and Europe need to respond to China’s industrial overcapacity in a strategic and united way.” She openly urged the EU to intervene urgently to “dampen” China’s growing green technology exports, including solar panels and wind turbines. Given Germany’s staunch opposition to …

Read More »

US’ trade bullying exposes lack of confidence: Chinese FM

Chinese Foreign Minister Wang Yi on Wednesday sharply criticized the US’ latest move to significantly hike tariffs on an array of Chinese goods, including electric vehicles (EVs). He said that the US’ relentless crackdown measures amounted to typical bullying, exposed Washington’s lack of confidence rather than strength, and will not stop China’s development. On the same day, the Chinese Foreign …

Read More »

MoUs signed with Chinese companies for investment facilitation

Kathmandu, April 29: Two memorandum of understanding (MoU) have been signed whereby Nepal’s private sector will facilitate in bringing in investment from Chinese companies. In this connection, one MoU was signed between Nepal’s Next Gen Management Solutions Pvt Ltd and China’s ‘MABC Investment Pvt Ltd’ and the next MoU between Nepal’s Federation of Nepalese Industry and Commerce (FNIC) and the …

Read More »

Nepal-China economic relations tall as Himalayas: Minister Bhandari

Kathmandu, April 29: Minister for Industry, Commerce and Supplies, Damodar Bhandari, has said the trade relations between Nepal and Tibet, the autonomous region of China, will find a new height in the days to come. In his address to an opening of the 17th Nepal China (Tibet) Economic and Trade Fair organised by the Trade and Export Promotion Center at …

Read More »

Birgunj Metropolis collects over Rs 360 million in revenue

Birgunj, April 16: The Birgunj Metropolitan City (BMC) has collected more than Rs 360 million taxes in nine months of the current fiscal year. In the last nine months of the current fiscal year, it was able to collect Rs 167 million in revenue. Most of the tax came from property tax which made Rs 127 million, while house rent …

Read More »

China’s whirlwind economic diplomacy boosts confidence in global growth

The Boao Forum for Asia (BFA) Annual Conference concluded on Friday in Boao, South China’s Hainan Province, where government officials, business leaders and academics from Asia and around the world called for cooperation and openness to tackle regional and global challenges, while rejecting rising protectionism and geopolitical gamesmanship. The conclusion of the BFA Annual Conference also capped China’s whirlwind week …

Read More »

Chinese modernization to inject strong impetus into world economy, top legislator says at Boao Forum

China’s top legislator Zhao Leji on Thursday reaffirmed China’s commitment to continuously opening its market to the world. He said that Chinese modernization through high-quality development will inject strong impetus into the global economy during a keynote speech at the opening ceremony of the Boao Forum for Asia (BFA) Annual Conference 2024. At the BFA opening plenary session in Boao, …

Read More »

Sri Lanka needs cooperation, not conspiracy theories, to resolve debt

Ahead of Sri Lankan Prime Minister Dinesh Gunawardena’s visit to China, which began on Monday and continues through Saturday, foreign media outlets have again hyped the so-called “debt trap” theory, but such an outrageous lie is not beneficial for the Sri Lankan economy. Sri Lanka is now in a critical period of development and economic recovery. What is needed is …

Read More »

Korean Ambassador calls on Finance Minister

Kathmandu, March 22: Ambassador of South Korea to Nepal, Park Tae-Young paid a courtesy call on Finance Minister Barshaman Pun. During the meeting, matters related to bilateral interests and mutual cooperation were discussed, the Finance Minister’s secretariat shared. In the meeting held at the Ministry of Finance today, Minister Pun said that Korea has been continuously investing in Nepal’s infrastructure …

Read More »

Balanced budget will be brought for coming fiscal year: Finance Minister Pun

Kathmandu, March 21: Finance Minister Barshaman Pun has said a balanced budget would be brought for the coming fiscal year. A meeting of the Finance Committee under the House of Representatives at Singha Durbar today, Minster Pun expressed the belief that balance would be maintained in the budget within resources and limits. He shared that issues including modernization of agriculture, …

Read More »