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The Chinese economy is in the process of gradual transformation towards a market economy and opening to the outside world.Nepal is also committed to promoting private sector-led economic growth based on liberalization and deregulated competitive markets.To this effect the country has already introduced a range of policy reforms related to ex- changed rate policy,trade and industrial policy,foreign investment policy and privatization.Both countries are now the member of the World Trade Organization.These changes in economic policies of the two neighbors have created favor- able.
The Chinese economy is in the process of gradual transformation towards a market economy and opening to the outside world. Nepal is also committed to promoting private sector-led economic growth based on liberalization and deregulated competitive markets.To this effect the country has already introduced a range of policy reforms related to ex-changed rate policy, trade and industrial policy, foreign investment policy and privatization.Both countries are now the member of the World Trade Organization.These changes in economic policies of the two neighbors have created favor- able.