fbpx

Viable CMEC projects to be included in Myamar Project Bank

Depending on their commercial viability, projects from the China Myanmar Economic Corridor (CMEC) will be selected and included in Myanmar Project Bank, Deputy Minister of Planning, Finance and Industry U Set Aung said on June 24. The two governments have signed a co-operation plan for the CMEC, under which Myanmar has the authority to choose […]

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 […]

Xi Hopeful on Belt and Road Projects in Myanmar During COVID-19

YANGON—Chinese President Xi Jinping expressed hope that Myanmar will speed up cooperation with China to implement its ambitious infrastructure projects in the country during a recent call with Myanmar President U Win Myint. In the phone conversation on Wednesday, Xi said that he is expecting the two sides will cooperate closely and speed up the […]

China Pushes BRI Projects As Myanmar Rolls Out COVID-19 Economic Relief Plan

YANGON—China’s ambassador to Myanmar pushed on Wednesday to gear up for the implementation of Beijing’s key infrastructure projects in Myanmar despite the fact that both countries’ economies are facing a significant slowdown due to the effects of the COVID-19 pandemic. Chinese Ambassador to Myanmar Chen Hai and Myanmar’s Deputy Minister for Planning, Finance and Industry […]

Kachin State Approves Chinese-Backed Business Park in Border Town

YANGON—The Kachin State parliament approved a proposal on Thursday to implement a Chinese-backed business park project in the border town of Kanpiketi, a part of Beijing’s grand infrastructure plans for its Belt and Road Initiative (BRI). Proposed in 2018, the Kanpiketi Business Park will cover nearly 70 acres in the border town in northern Kachin […]

Chinese President’s Upcoming Visit Seen as Bid to Gain Myanmar Leaders’ Commitment on BRI Projects

YANGON—Chinese President Xi Jinping is reportedly planning to visit Myanmar late next week, in a trip many believe is aimed at sending a signal regarding the country’s importance to China’s strategic ambitions in the Indian Ocean, while shoring up support for Xi’s ambitious Belt and Road Initiative (BRI) among leaders in Myanmar, which is slated […]

Chinese Foreign Minister Visits Myanmar to Speed Up Belt and Road Projects

YANGON – A Chinese foreign affairs chief has pushed the Myanmar government to speed up construction of projects within the China-Myanmar Economic Corridor, which is a part of the giant Belt and Road Initiative (BRI). In Naypyitaw, China’s State Councilor Wang Yi told Myanmar’s State Counselor Daw Aung San Suu Kyi on Saturday that China […]

China Seeks Road, River Route Via Ayeyarwady for Economic Corridor

China is planning to build vital trade and logistics links with Myanmar along the Ayeyarwady River as part of the China-Myanmar Economic Corridor (CMEC) to bypass poor road infrastructure. Proposed by China in November 2017 as part of its global Belt and Road Initiative, the CMEC is expected to connect China’s Yunnan Province with Mandalay […]

Speculative Yangon City Mega-Project Draws ‘White Elephant’ Concerns for Myanmar

YANGON: On the western bank of the muddy Hlaing River, development and prosperity is a distant view. It can be seen across the expanse of water in the rising apartment blocks, office buildings and grinding industry. Over there is Yangon proper, a city of some six million people and the economic hub of Myanmar. Over […]

Myanmar State Firm Signs Deal to Buy Electricity From Strategic Chinese Project in Rakhine

YANGON—A Myanmar state-owned enterprise has inked a power purchase agreement with a Myanmar-China joint venture company that is developing a 135-megawatt (MW) power plant project in Kyaukphyu, in western Myanmar’s Rakhine State. The plant is one of the strategic projects that make up the Myanmar section of Beijing’s grand infrastructure plan, the Belt and Road […]