China to rebuild flood-damaged infrastructure in Nepals Rasuwa: officials
PTI
Last Updated:
Kathmandu, Jul 21 (PTI) China on Monday pledged support to Nepal for reconstructing infrastructure damaged by recent floods in Rasuwa district and restoring customs operations, officials here said.
The Nepal-China Friendship Bridge, connecting the two nations, along with several hydropower projects and a dry port, was severely impacted by flash floods that struck Rasuwa on July 8, 2025.
The assurance came during a meeting between Nepal's Finance Minister Bishnu Paudel and a Chinese delegation led by Chen Xiaodong, Chairman of the China International Development Cooperation Agency (CIDCA), at the Finance Ministry here, officials said.
Discussions also covered Nepal-China bilateral ties, development cooperation, and ongoing and future Chinese-funded projects, they said.
Deputy Prime Minister Paudel, emphasising post-disaster recovery as Nepal's priority, expressed gratitude for China's commitment to rebuilding the affected infrastructure.
During the meeting, Nepal and China also signed MoUs for four projects, including the construction of a bone marrow transplantation facility at BP Koirala Memorial Cancer Hospital and a feasibility study for expanding the Civil Hospital.
Finance Secretary Ghanashyam Upadhyaya and CIDCA Chairman Chen signed the MoU on behalf of their respective governments.
A MoU was signed to facilitate human resource development, enabling over 1,200 Nepalese government employees to participate in bilateral and multilateral seminars organised by China-based institutions.
An agreement was signed between Nepal Electricity Authority Managing Director Hitendra Dev Shakya and Chen for a feasibility study on the Rasuwagadhi-Kerung Transnational Electricity Transmission Line. PTI SBP SCY SCY
(This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) view comments
First Published:
July 21, 2025, 18:15 IST
Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
16 minutes ago
- Time of India
Vice Admiral Swaminathan is next WNC chief
Vice Chief of the Naval Staff, Vice Admiral Krishna Swaminathan (right) with Chief of Defence Staff (CDS) Gen Anil Chauhan. (ANI File Photo) NEW DELHI: Vice Admiral Krishna Swaminathan on July 31 will take over as the next chief of the premier Mumbai-based Western Naval Command (WNC), which played a crucial role during Operation Sindoor , while Vice Admiral Sanjay Vatsayan will succeed him as Navy vice chief at the in July 1987, Vice Admiral Swaminathan has commanded frontline warships like guided-missile destroyer INS Mysore and aircraft carrier INS Vikramaditya as well as the country's Western Fleet at Mumbai. Serving as the Navy vice chief since May 2024, he will succeed Vice Admiral Sanjay J Admiral Vatsayan is a gunnery and missile systems specialist. He is the deputy chief of integrated defence staff (policy planning & force development) at present. TNN
News18
26 minutes ago
- News18
Trump says China trip is not too distant as trade tensions ease
Last Updated: Washington, Jul 23 (AP) President Donald Trump on Tuesday said a trip to China might be 'not too distant," raising prospects that the leaders of the world's two largest economies may meet soon to help reset relations after moving to climb down from a trade war. Trump made the remarks while hosting Philippine President Ferdinand Marcos Jr. at the White House, where he praised the 'fantastic military relationship" with Manila as the U.S. looks to counter China's influence in the Indo-Pacific region. Yet, Trump still said the U.S. is 'getting along with China very well. We have a very good relationship." He added that Beijing has resumed shipping to the U.S. 'record numbers" of much-needed rare earth magnets, which are used in iPhones and other high-tech products like electric vehicles. Widely speculated about since Trump returned to the White House, a summit between Trump and Chinese President Xi Jinping would be expected to stabilize — even for a short while — a difficult relationship defined by mistrust and competition. Beijing believes a leader-level summit is necessary to steady U.S.-China relations and that Trump must be wooed because he has the final say on America's policy toward China, despite more hawkish voices in his Cabinet, observers say. The question, however, is when. Danny Russel, a distinguished fellow at the Asia Society Policy Institute, said Trump has consistently shown his hunger for a visit to China and that Beijing has used that to bolster leverage. 'As soon as the leadership in Beijing is satisfied that Trump will be on his best behavior and will accept terms for a deal that they think are favorable, they will give a green light to the visit," Russel said. Sun Yun, director of the China program at the Washington-based think tank Stimson Center, said a visit 'is in the making" with two sides likely to strike a trade deal. What Trump said might mean the visit would not be in September but 'potentially November, but still depends on whether they play ball on trade and other things we want," Sun said. Trump's campaign to impose tariffs on other countries kicked off a high-stake trade war with Beijing. China raised tariffs on U.S. goods to 125% in response to Trump's hiking the tax on Chinese goods to 145%. Both sides also imposed on each other harsh trade restrictions on critical products: China on rare earths, and the U.S. on computing chips and jet engine technology. Trade tensions, however, eased following two rounds of high-level talks in Geneva and London, when the two sides agreed to lower tariffs — pending a more permanent deal by mid-August — and pull back on trade restrictions. Treasury Secretary Scott Bessent said Tuesday on Fox Business' 'Mornings with Maria" that he will be meeting with his Chinese counterparts in Stockholm next week to work on 'what is likely an extension" of the Aug. 12 deadline. 'I think trade is in a very good place with China," Bessent told host Maria Bartiromo. 'Hopefully, we can see the Chinese pull back on some of this glut of manufacturing that they're doing and concentrate on building a consumer economy." He said he also expects to bring up China's purchases of Russian and Iranian oil and Beijing's role in aiding Moscow in its war against Ukraine. Beijing has not announced any travel plans for Vice Premier He Lifeng, who led trade negotiations in both Geneva and London on behalf of the Chinese government, but it is not unusual for China to make such announcements closer to a travel date. In a possible friendly gesture, Beijing on Tuesday said it suspended an antitrust investigation into chemical maker DuPont's operations in China. China's State Administration for Market Regulation made the announcement in a one-line statement but gave no explanation for the decision. DuPont said in a statement that it is 'pleased" with China's action. Chinese regulators launched the investigation in April against DuPont China Group, a subsidiary of the chemical giant, as part of Beijing's broad, retaliatory response to Trump's sky-high tariffs. Beijing also has agreed to approve export permits for rare earth elements and rare earth magnets that U.S. manufacturers need to build cars, robots, wind turbines and other high-tech products. The U.S. has eased restrictions on some advanced chips and other technologies. (AP) AS AS (This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) view comments First Published: July 23, 2025, 04:15 IST News agency-feeds Trump says China trip is not too distant as trade tensions ease Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Mint
an hour ago
- Mint
SharePoint Hacks Turn Up Heat on Microsoft's Cyber Overhaul
(Bloomberg) -- Three months ago, Microsoft Corp. issued a progress report on what it described as the largest cybersecurity engineering project in history. Advertisement Battered by its role in several major hacks, the software giant in late 2023 vowed to overhaul its cybersecurity, in a project called the Secure Future Initiative. The April report noted significant advances, including fostering a 'security-first mindset' in employees and making strides in meeting engineering goals. 'Our progress will not be linear,' the report added. It didn't take long to prove the company's point. On Tuesday, Microsoft accused three Chinese hacking groups, two tied to the government in Beijing, of exploiting flaws in SharePoint document management software as part of a global campaign that's targeted businesses and government agencies, including the US Department of Education. Attackers have exploited the flaws since July 7, according to cybersecurity researchers. The full extent of the damage isn't yet clear. The flaws apply to SharePoint customers who manage the software on their own networks, as opposed to on the cloud. That limits potential victims — though the number could still be significant given Microsoft's reach. Advertisement Roger Cressey, a former cybersecurity official under presidents Bill Clinton and George W. Bush, said errors at organizations as dominant as Microsoft have high stakes and changes are hard to make given its size. 'When you have one provider so omnipresent in our digital ecosystem, the blast radius of their mistakes is enormous,' said Cressey, a partner at Mountain Wave Ventures, whose clients include some Microsoft competitors. 'It's another reminder that Microsoft's failure on making security a priority is impacting our national and economic security.' Microsoft quickly rolled out patches for the flaws, though it said in a blog post Tuesday that it had 'high confidence' that hackers would continue to use the flaws to attack unpatched SharePoint systems. The intrusion is another public relations headache for a company trying to bolster its cyber defenses and reputation. Microsoft is the world's largest software vendor, making it a target for cyber-spies and criminals. It is also the biggest seller of cybersecurity products. Advertisement 'As part of the Secure Future Initiative, we're focused on accelerating and strengthening our security incident response,' said Microsoft spokesman Frank Shaw. 'In this case, we acted quickly, delivering detailed customer guidance and releasing three new security updates within 72 hours to help protect against adversary attacks.' There's little evidence that previous major cyberattacks tied to Microsoft have hurt the company's bottom line. Anurag Rana, a senior analyst at Bloomberg Intelligence, said it could even help Microsoft by convincing customers to move SharePoint to the tech giant's cloud, which he described as safer and cheaper in the long run. What's less clear is what impact the latest breach will have on Microsoft's efforts to repair its cybersecurity credentials and appease long-term critics. Advertisement One of them, US Senator Ron Wyden, a Democrat from Oregon, said government agencies have become dependent on 'a company that not only doesn't care about security but is making billions of dollars selling premium cybersecurity services to address the flaws in its products.' 'Each hack caused by Microsoft's negligence results in increased government spending on Microsoft cybersecurity services,' Wyden said in a statement, when asked to respond to the SharePoint vulnerabilities. 'The government will never escape this cycle unless it stops rewarding Microsoft.' In its April report, Microsoft described the Secure Future Initiative as an ambitious undertaking that would take years. For instance, out of 28 engineering objectives, five are nearing completion, 11 have made significant progress and Microsoft continues to work on the others. Advertisement 'The threat landscape will continue to evolve, resulting in new vulnerabilities and security incidents,' according to the report. 'Technology will advance, creating new ways to improve security and new issues to address. Each of these is an opportunity to work with our customers and the industry to strengthen our collective defenses.' --With assistance from Jake Bleiberg. More stories like this are available on ©2025 Bloomberg L.P.
