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<p><span style="font-size:12pt"><span style="font-family:Cambria"> <span style="font-size:14.0pt"><span style="font-family:"Times New Roman"">A report released by Nepal Rastra Bank (NRB) on Wednesday showed that exports to China declined by 59.2 percent. According to the report, imports from China have declined by 25 percent.</span></span></span></span></p>
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December 24: Nepal-China trade has declined in recent months due to obstruction at the border. Nepal-China trade, which was on a rise for the past six years, has declined in the ongoing fiscal year 2020/21.
According to the data published by the Department of Customs, Nepal-China trade shrunk by Rs 25 billion during the first five months of the current fiscal year. According to the department, bilateral trade worth Rs 77.84 billion took place during this period. Trade between Nepal and China during the corresponding period of last fiscal year was worth Rs 103 billion.
During the review period, imports decreased by Rs 24 billion to Rs 77.44 billion while exports decreased to Rs 380 million from Rs 860 million.
A report released by Nepal Rastra Bank (NRB) on Wednesday showed that exports to China declined by 59.2 percent. According to the report, imports from China have declined by 25 percent.
The government has taken a strategy to control imports by promoting exports. However, the impact of the border closure by China has nothing to do with the government's strategy. Entrepreneurs say that goods could not be imported due to obstructions at the northern border point.
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<p><span style="font-size:12pt"><span style="font-family:Cambria"> <span style="font-size:14.0pt"><span style="font-family:"Times New Roman"">A report released by Nepal Rastra Bank (NRB) on Wednesday showed that exports to China declined by 59.2 percent. According to the report, imports from China have declined by 25 percent.</span></span></span></span></p>
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