Made in China 2025 and the Belt and Road Initiative

The industrial policy of “Made in China 2025” clearly focuses on innovation and the “Belt and Road Initiative” has begun to focus on a clear vision: a more ambitious standard of profitability. Joel Ruet, an expert at the Italian Institue for International Political Studies (ISPI), said in the article “Made in China 2025” and the “Belt
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Rs 102.5 used to fetch a US dollar. Since then, the value of Nepali rupee has slumped by over 12 per cent. Today, one needs to fork out over Rs 115 to buy each dollar. Rampant devaluation of rupee is not a good sign for an import-dependent country like Nepal, which spends more than Rs
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