China offers Rs 8 billion line of credit to Nepal

The Chinese government has offered Rs 8 billion line of credit to Nepal.

Visiting Chinese Assistant Commerce Minister Wang Chao made the offer during his meeting with Finance Minister Dr Ram Saran Mahat at the Finance Ministry Tuesday.

Mahat told reporters that he welcomed the Chinese offer for confessional loan, but added that the government was yet to decide whether to accept it. Mahat said the meeting focused on bilateral trade and economic issues.

The Chinese minister who is here on a four-day tour is also attending the meeting of the Nepal-China Intergovernmental Economic and Trade Committee which began in Kathmandu today.

He will meet with Prime Minister Girija Prasad Koirala on Wednesday. nepalnews.com mk July 24 07