China Faces Resistance to a Cherished Theme of Its Foreign Policy

ON APRIL 10th a freight train pulled out of Barking station in London carrying Scotch whisky, baby milk and engineering equipment. It arrived in Yiwu in eastern China (see map) nearly three weeks later, completing the second-longest round-trip train journey ever made (after Yiwu to Madrid and back, a record set in 2014). It lopped […]

Animosity in a Burmese Hub Deepens as Chinese Get Richer

MANDALAY, Myanmar — From damp and drizzly London, the siren of British imperialism, Rudyard Kipling, wrote a poem that captured the palm trees, pagodas and temple bells of Burma during colonial rule. The romance of that verse, “Mandalay,” became a refrain for the exotic East, and of this city, in particular, once a royal capital […]

Myanmar anticipates good prospects after opening of AIIB

Myanmar is anticipating good prospects after the opening of China-initiated Asian Infrastructure Investment Bank (AIIB), a finance official said here Thursday. “Our expectation and view on the opening of the AIIB are good and clear, that was why we participated as a founding member. The AIIB is assumed as a dependable bank which supports regional […]

World powers line up to woo new administration

This summer, the U.S. Treasury Department received a petition from the financial industry asking for the removal of Asia World Port Management from the department’s sanctions list for Myanmar. The company operates Myanmar’s largest port. The U.S. deems its parent company, Asia World, as one of Myanmar’s past military government cronies, and banned U.S. companies […]

OBG Report Charts Myanmar’s Development as FDI Rockets

UK-based publishing, research and consultancy firm Oxford Business Group (OBG) published its first country report on Myanmar which sheds light on the country’s new investment law, wide-ranging reforms and emerging economic sectors, the firm announced. With most Western sanctions now lifted and a new mining law in the pipeline, “The Report: Myanmar 2014” charts the […]