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China-India rivalry is good for South Asia, Nepal ministers say

Himalayan nation facing stiff economic challenges amid Ukraine war and pandemic

Nepal's finance minister Janardan Sharma, left, and foreign minister Naryan Khadka speak to Nikkei Asia in Kathmandu, Nepal. (Source photos by Moyuru Baba)

KATHMANDU -- Rivalry between China and India is key to driving economic growth in South Asian nations such as Nepal, two top ministers from the landlocked Himalayan country told Nikkei Asia in recent interviews.

The comments come as Beijing and New Delhi battle to boost their influence in the region, which has been hit hard by waves of accelerating inflation and other negative economic effects of Russia's invasion of Ukraine and the COVID-19 pandemic.

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