Since, the appointment of Prime Minister Khadga Prasad KP Oli in potential, several changes have been observed each inside Nepal and on the overseas policy front. Over certain years of his appointment in the position, several speculations have been made by specialists in the current government’s foreign relationship with China and its implication in the internal affairs of Nepal. The present Oli led government is a mishap of two powerful communist parties of Nepal. It is told have closer ties with China which mainly is a communist country itself.
The summary of trade and transport contracts through Prime Minister Oli’s foreign visit to China further supports the saying. Even though Nepal has long been balancing the relationship between its neighboring nations, India and China, however the economic blockade by India in the post-earthquake situation, given the present government an incentive to diversify its dealings through closer ties with China. From reconstructing the heritage site in the post-earthquake situation to supplying school supplies, China’s influence is all over Nepal which may become fatal for Nepal in long-run.
Frequently looking for the grants and loans for small and big projects might again be a weakness for Nepal. Taking an example from Sri Lanka, which had to compromise, to Chinese lenders for being incompetent to clear debts, had to eventually give up one of its ports for the extremely lower amount on the lease for 99 years? For a compact economy, for example, Nepal, it is pertinent to make visionary plans than to rely on foreign grants alone in the growth-related projects.
Moreover, an agreement continues to be signed with China to build a strategic railway link under international Belt and Road Initiative which connects Tibet and Kathmandu. It is however suspected to be detrimental to Nepal’s sovereign status as a state. China is taking this as a chance to hold its influence not only in Nepal but additionally Tibet, which China has an interest in keeping it under its control. Nepal keeps thousands of Buddhist refugees who fled Tibet after failure in the uprising against Beijing. It is declared that the Nepal government is under great pressure to keep the hold of the refugees within its region and stop them from fleeing to India. Therefore, Nepal is obliged to facilitate thousands of the population. This means the distribution of restricted resources of a poor economy and simply having to share is unfair and a huge loss for its people living under the line of poverty.
The heavy influence of China in keeping Nepal’s market in terms of trade, transportation, Nepal’s market occupancy, etc is commonly noticed in the present scenario. Chinese goods are seen in every household. Nepali customer has often appreciated the products for being economical. However, Nepalese seem to be dissatisfied with the employment market being taken over by the Chinese.
Taking a visible example of Thamel, a widely known tourist hub in Kathmandu; this was previously a major source of revenue for the local companies. Sadly in the present, it has been taken over by the Chinese businesses. It is a step backward for Nepalese organizations known for their unique traditional value from both social and financial point of view. Besides the visual effect of China’s influence, other occasions such as intolerance of the government on its criticisms and systematic arrest of the citizens against its action and problems, further prove how the communist-led government has been adopting restrictive policies is gradually taking over the Nepalese region. With the rise of the presence of China in Nepal in every feasible sector, this is sure to be damaging to the Nepalese economy ahead shortly.