Visiting Chinese Foreign Minister Wang Yi said Nepal could be bridge for South Asia and not only for India and China. Addressing joint press conferences, he expressed happiness over the Nepal-India relations growing more robust and stronger, stating that the significance of the tripartite relations among China, India and Nepal was high.

While suggesting Nepal to be oriented towards taking the maximum benefits from the economic prosperity achieved by China and India, Wang argued that Nepal could serve as a bridge between India and China.

"All the three countries are friends, Nepal could become a bridge for South Asia and not only for India and China," Wang remarked, highlighting the importance of the trilateral cooperation. He believed that collaboration between China, Nepal and India would contribute to regional peace and stability.

Describing the Sino-Nepal relations as rock solid as the Himalayas, Chinese Foreign Minister Wang said these relations would remain more so in future also.

Minister for Foreign Affairs Mahendra Bahadur Pandey, said the bilateral talks were held in a very warm and cordial atmosphere. "Our discussions have been quite useful and successful," he said.

"We expressed satisfaction at the existing level of cooperation at the regional and international forums and decided to further strengthen it. Both of us believe that China´s active involvement in SAARC as an observer will be beneficial to both," Minister Pandey said. RSS

China has announced nice major areas for cooperation and augmented its annual assistance to Nepal by 433 per cent. The announcement was made after the bilateral meeting held here this afternoon.

During the meeting led by foreign ministers of both countries, China agreed to provide financial assistance of 800 million RMB from 150 million RMB to Nepal for the fiscal year 2015/16.

Similarly, China expressed strong commitment to increase cooperation in nine areas for the overall development of Nepal. The major areas of cooperation include trade, investment, infrastructure, energy, capacity building, science and technology, agriculture, tourism and security and law enforcement.

Highlighting the ways and means to effectively implement the nine areas, the Chinese Minister for Foreign Affairs Wang Yi suggested funding arrangements would be made bilaterally and regionally in addition to supporting from national and local diplomatic channel.

At joint news conference organized after the meeting, the Minister said "We will do whatever we can to meet the target of graduation of Nepal to the developed country from the least developing countries within 2022."

China´s experiences in hydropower project development and power production, the use of ultramodern equipments, technical education and skills there would be highly useful in the context of Nepal, Chinese Minister Wang said, adding that bilateral cooperation and assistance could be exchanged in the sector of mutual benefits.

"China wishes to transform the bilateral comprehensive partnership cooperation to an everlasting friendship and focus it on mutual benefits when both neighbors are going to celebrate the 60th anniversary of the establishment of bilateral diplomatic ties in the upcoming year," the Chinese Minister said, adding he has presented the list of programs related to the expansion of mutual cooperation and exchange of high-level visits and the schedule for the celebration of the Diamond Jubilee of Nepal- China diplomatic relations to his counterpart. Other sectors for assistance could be identified as per the wish of Nepal, he said.

Pledging assistance from the Tibet Autonomous Region of the Peoples Republic of China and local diplomatic mission and from the local level as well in the nine sectors identified for cooperation for the holistic development of Nepal, the Chinese Minister also vowed to extend consolidated support in the production of skilled human resources.

"All the three countries are friends, Nepal could become a bridge for South Asia and not only for India and China," Wang remarked, highlighting the importance of the trilateral cooperation. He believed that collaboration between China, Nepal and India would contribute to regional peace and stability.

Describing the Sino-Nepal relations as rock solid as the Himalayas, Chinese Foreign Minister Wang said these relations would remain more so in future also.

Minister for Foreign Affairs Mahendra Bahadur Pandey, said the bilateral talks were held in a very warm and cordial atmosphere. "Our discussions have been quite useful and successful," he said report RSS.

Along with Deputy Prime Minister and Home Minister Bamdev Gautam, Wang laid the foundation stone for the China-funded Armed Police Force Academy building — built at a cost of Rs 3 billion — amidst a function in APF Headquarters in Halchowk and handed over medical equipment worth Rs 200 million to Civil Service Hospital that was built with Chinese support.

Chinese foreign minister who was in three days visit to Nepal also met president Dr.Ram Baran Yadav and prime minister Sushil Koirala.