China and Myanmar both benefit from strengthening relations

Sub-title: 

Xi Jinping’s visit – and the billions in development and investment deals signed – opens the door to greater stability in the region

Description: 

"China and Myanmar have a long and complex history. But President Xi Jinping’s just-ended two-day visit, his inaugural foreign trip of the year and the first to the country by a Chinese leader in 19 years, was aimed at taking ties to a new level of friendship and trust, with mutual benefit at the core. On the 70th anniversary of diplomatic relations, Xi and Myanmar leader Aung San Suu Kyi signed 33 agreements shoring up key projects that are part of Beijing’s flagship Belt and Road Initiative (BRI). They agreed to hasten implementation of the China-Myanmar Economic Corridor, a giant infrastructure scheme worth billions of dollars, with agreements on railways linking southwestern China to the Indian Ocean, a deep-sea port in conflict-riven Rakhine state, a special economic zone on the border, and a new city project in the commercial capital of Yangon. Completion of the projects will mean faster and more reliable delivery of crucial energy supplies to China from the Middle East and Africa while increasing Chinese infrastructure and investment opportunities, and for Myanmar, there will be development and jobs..."

Source/publisher: 

"South China Morning Post" (Hong Kong)

Date of Publication: 

2020-01-19

Date of entry: 

2020-01-20

Grouping: 

  • Individual Documents

Category: 

Countries: 

Myanmar, China

Language: 

English

Resource Type: 

text

Text quality: 

    • Good