China has been increasing their investments in Myanmar over the past few years and has just won two more contracts to do so. However, despite attaining the parliament greenlight to go ahead with the projects, China may face some resistance from the local populace.
Overseas foreign investments from China into Myanmar go a long way back. China has played a big role in developing Myanmar’s Special Economic Zones, cooperating closely to build the Kyaukpyu Special Economic Zone specifically. In fact, in 2009, Myanmar’s Ministry of Energy established a memorandum of understanding with China National Petroleum Corp to jointly build an oil pipeline linking the Maday Island in Kyaukpyu and the Yunnan province in China. (Courtesy of InvestAsian)
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