As Nepal faces political turmoil, China and India are scrambling

Jan 10, 2021 | INVESTING

When a coalition of two communist parties swept to power in Nepal three years ago, it was seen as a geopolitical win for Beijing over New Delhi in their competition for regional influence in South Asia.But Beijing may be about to lose that advantage after the ruling Nepal Communist Party – which won the 2017 election with an anti-India nationalist campaign – split in a political crisis that erupted last month. Nepal is now counting down to early elections in April and May, more than a year…

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