January 17, 2016

Anti-Chinese sentiment casts shadow over SEZ development

As Chinese companies begin developing Myanmar's Kyaukpyu Special Economic Zone, an area important to Beijing's energy security, concerns linger that anti-Chinese sentiment could stymie the project.

Grand plans

A public-private partnership devised a basic plan in summer 2014 for the SEZ, which was envisioned as a way to attract foreign investment in underdeveloped western Myanmar. Myanmar's government granted development rights in the zone at the end of last year to a consortium of Chinese state-owned companies, including Citic Group and China Harbor Engineering. (Courtesy of Nikkei Asian Review)

No comments:

Post a Comment