Doing ‘business’ with China can be disastrous

KATHMANDU: To discuss the prospective trade crisis related to BRI and China one should consider the types of conditions China puts forward against the countries to which it provides loans. Let’s look at the pattern of provisions in China’s loan agreement with a country.

‘This Agreement as well as the rights and obligations of the parties hereunder shall be governed by and construed in accordance with the laws of China.