ANALYSIS: Suu Kyi’s election win to boost China-Myanmar ties, hasten economic recovery

HONG KONG, Nov 12 – The imminent victory of the ruling party in Myanmar’s general elections will help consolidate bilateral relations between Myanmar and China, with analysts expecting China to play an important role in its neighbor’s economic recovery. The National League for Democracy, or NLD, led by State Counselor Aung San Suu Kyi, is […]

New Era, New Start, Map out a New Blueprint for China-Myanmar Economic and Trade Cooperation

China and Myanmar are close neighbors connected by shared mountains and rivers. Our people have lived alongside each other for thousands of years. The Pauk-Phaw friendship between our two peoples can be dated back to ancient times. To mark the 70th anniversary of the establishment of diplomatic relations between China and Myanmar, President of the […]

China-Myanmar pipeline grows in its appeal

There was no second-guessing why China’s President Xi Jinping made Myanmar his first stop in a visit earlier this year, even as coronavirus was mercilessly gripping his nation: China has never ceased worrying about reliable supplies of gas, and the prospect of a pipeline with Myanmar is an attractive one. For years, since relations with […]

Kachin State Inks Border Business Park Deal With China-Myanmar Joint Venture

YANGON—The Kachin State government has signed a memorandum of understanding (MOU) with a Chinese-backed company to develop a business park project in Kanpiketi, a border town in northern Myanmar, as part of Beijing’s ambitious grand infrastructure plan, the Belt and Road Initiative (BRI). On Wednesday, the MOU was signed by the state government and Myanmar […]

China-Backed Muse-Mandalay Railway to Cost $9 Billion

An ambitious China-backed railway project connecting two economic centers in Myanmar with Kunming, the capital of Yunnan province in southwestern China, will cost almost US$9 billion and final decisions on the specific details of the construction are expected to be made by the end of this year. As a part of the China-Myanmar Economic Corridor […]

China-Myanmar railway makes significant breakthrough

Construction of the China-Myanmar railway is expected to speed up as a vital segment within Myanmar saw a positive breakthrough during the just-concluded Belt and Road forum in Beijing. During the opening day of the second Belt and Road Forum for International Cooperation on Thursday, Li Changjin, chairman of the China Railway Group Company (CRGC), […]

Border trade during Oct-Dec quarter down

BORDER trade between Myanmar and its neighbours during the October-December quarter amounted to more than US$2 billion, down by $71 million, or 3.2 percent from the same period in 2017, according to the Ministry of Commerce. The fall was mainly due to a $563 million drop in trade value at the China-Myanmar border to just […]

Myanmar welcomes more investment from Hong Kong

A Myanmar Investment Promotion seminar was held on October 16 at Island Shangri-La, Hong Kong. The seminar was attended by Mr. Edward Yau, Secretary for Commerce and Economic Development and Officials of Hong Kong SAR Government, Members of legislative council, Members of Hong Kong Development Council and Hong Kong Productivity council and representatives of over […]

Cross-border trade slows due to renminbi fluctuations

Fluctuations in the value of the renminbi are having an adverse effect on China-Myanmar cross-border trade traders in Muse have told The Myanmar Times. China’s renminbi is the currency of choice for trade in the border region and a 10 percent drop in value is enough to cause businesses to lose money on deals, say […]

Calls out for investments in China-Myanmar border economic zone

Union Minister for Commerce Dr Than Myint has called on local entrepreneurs to invest in a border economic zone project in China-Myanmar. “The government has a plan to implement other economic zones. During Myanmar State Counsellor Aung San Suu Kyi’s tour to China last year, a contract was signed on the establishment of trading and […]