China Investment to focus on business opportunities in BR countries

Beijing, June 23: The China Investment, a magazine focused on investment and cooperation issues between China and the other countries, particularly the Belt and Road countries, Friday organized a media interaction on investment issues and opportunities in the South Asian and South East Asian countries including Nepal.

 In the discussion held on the theme of China-South Asia and Southeast Asia Media Cooperation, Chinese scholars, government officials, media persons and representatives of Chinese private companies responded to queries raised by the journalists from South Asian and Southeast Asian countries while the journalists themselves also shared about the status and prospects of the Chinese investment in their respective countries.

Pointing at the need to produce and give proper space to positive news, Li Xiguang, professor at Tsinghua University, shed light on the important role of the media persons to promote conducive atmosphere of investment.

Responding to a query about prospects of China-Nepal railways, Prof. Li said, “As far as I know, China is taking railway to Nepal border by 2020. Now, it is also up to the Nepal Government how to link the railway with Kathmandu, Pokhara and Lumbini because it requires a big investment.”

Zhao Shiren, counselor, the information department of foreign ministry of People’s Republic of China, remarked that the magazine, China Investment, has become an ideal platform for enhancing cooperation among the Belt and Road countries. When asked about the delays in re-opening of the Tatopani trade point, he expressed hope that the obstacles will be resolved soon as discussions on them were held.

Asked about the delay in the construction of the West Seti hydro power project, Sheng Zhendong of the China Three Gorges International Cooperation, said that the process for land acquisition by the Nepal government, power purchasing agreement (PPA), construction and cost for power transmission lines and the process for relocation of over 10,000 people had played their role in causing the delay and said that the company was working continuously to start the construction.

Xiao Jingqiu, vice president and deputy editor in chief of the China Investment, said that the magazine would help foster media cooperation among the BR countries and explore investment opportunities.

As it is a bilingual magazine, in Chinese and English, it is hoped it will help both the Chinese speaking people and those who understand English.

Zhao Changhui, chief adviser to China Investment, said that as Chinese investors are looking for overseas investment opportunities, the magazine is expected to cater to such needs as well by presenting information on the investment and cooperation issues.

Zhao also urged the journalists to utilize the platform provided by the China Investment by contributing news stories, articles about cooperation and investment opportunities in their respective countries.  

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