Oli who arrived on Tuesday on a six-day-visit, met Xi at the Great Hall of the People in Beijing. Before their meeting, China and Nepal signed eight agreements worth $2.4bn.
The agreements, signed in a ceremony at the Nepal embassy in Beijing in Oli’s presence, were reached between the two governments and private sectors where Chinese investors will put money on developing hydroelectricity, water resources, cement factories and fruit cultivation and farming.
During their meeting, Xi and Oli discussed ways and means to further expanding bilateral cooperation in various fields including through cross border railway connectivity.
Xi told Oli that China “stands ready to strengthen cooperation with Nepal in infrastructure connectivity, post-disaster reconstruction, trade and investment under the framework of the BR initiative”.
“China appreciates Nepal’s resolute adherence to the one-China policy and will support its efforts to safeguard national independence, sovereignty and territorial integrity,” Xi said.
He said, “Beijing supports Nepal’s self-selection of social systems and development of roads suited to its national
conditions.
“We must strengthen cooperation in law enforcement capacity building, jointly combat transnational crimes and safeguard the common security of China and Nepal,” said the president.
Oli, on his part, said that Nepal admired China’s development achievements, highly valued its positive role in international affairs and thanked China for its support for the country’s
development transformation.
“Nepal highly valued Xi’s proposal of building a community with shared future for mankind and was willing to actively participate in the BR
initiative,” Oli said.
A pact for co-operation between Nepal Electricity Authority and State Grid Corp of China for a feasibility study of Nepal-China Cross-border Power Grid Interconnection Project was also signed.
According to it, the two sides will carry out the feasibility study of 400kV Kerung-Rasuwagadhi-Galchhi-Ratmate transmission line.
The Nepali prime minister also inaugurated the 2018 Nepal-China Business Forum’ jointly organised by the embassy of Nepal and China Council for the Promotion of
International Trade.
Inaugurating the forum, Oli said Nepal had embarked on a path of peace and political stability following the elections under federal set-up last year and expressed his confidence that Chinese entrepreneurs would invest in his country.
