Posted: 12:48a.m. IST, August 18, 2012
Kathmandu, Aug 18 (IANS) Nepal and China should boost bilateral business ties, Chinese Ambassador to Nepal Yang Houlan said here.
The Chinese ambassador Friday 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, reported Xinhua.
These problems in the way can be solved through amicable negotiations and enhanced communications, he said.
He was speaking at a meeting of the Confederation of Nepalese Industries (CNI) Energy Development Council on strengthening relations between Nepal and China.
Nepal's top businessmen along with representatives from the Chinese embassy and businesspeople 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.
They also touched upon the potential of Nepal's hydropower industry and the possibility of Chinese investment.