On November 18-19, Wang Peng, an associate researcher of the Chongyang Institute for Financial Studies at Renmin University of China(RDCY), was invited to attend an international symposium on China’s Belt and Road Initiative(BRI) in South Asia and Nepal: Trade, Investment and Connectivity Dynamics and deliver a speech in Kathmandu, capital of Nepal.
This symposium lasted two days and was jointly organized by Nepal-China Friendship Forum and Chinese embassy in Nepal. More than two hundred people, including Nepal’s officials and journalists, and experts from China, India, Nepal, Bangladesh and other countries, participated in the symposium and discussed the Belt and Road Initiative, China-South Asia cooperation and relevant issues.
Wang Peng delivered a special research report entitled From China-Nepal Economic Corridor to Pan-Himalayan Community of Sustainable Development 2030 at the sub-forum with the theme of Locating the BRI within the SDG 2030 and development cooperation.
The report starts with an analysis of the actual needs of the Nepalese government. The Nepalese government is one of the countries officially recognized by the United Nations Development Programme (UNDP) to actively take part and implement the UN 2030 Sustainable Development Goals (SDG). At present, the government and the public have great concerns about how to promote Nepalese SDG with the help of international power and resources including China's BRI. Therefore, Wang Peng expounded China's BRI, especially the newly proposed China-Nepal-India Economic Corridor Plan, which may promote Nepal's SDG policy objectives. At the end of the report, some operational suggestions were given from the three levels of infrastructure interconnection, regional economic integration and people-to-people bond, which were highly praised by scholars at the symposium, especially the Nepalese government and scholars.
In the Q&A session, Wang Peng responded to the issues such as “China debt trap”, “China-Nepal Relations and China-Indian Relations”, and “China's BRI” raised by experts from Nepal, India and Bangladesh.