China may use pandemic to strengthen its hand in Myanmar, say analysts

Sub-title: 

With the economy taking a battering, Myanmar will have less room to negotiate over big infrastructure projects

Description: 

"The economic blow dealt by the coronavirus pandemic may put Myanmar in a weaker position as it negotiates with China over a series of large infrastructure projects, analysts have said. Myanmar plays a key role in China’s global Belt and Road project, a strategy to deepen trade and economic ties with over 60 countries by building railways, ports, bridges, roads and other infrastructure. Chinese President Xi Jinping spoke with President Win Myint by phone this week about pushing ahead with the China-Myanmar Economic Corridor, which will link China’s landlocked Yunnan province to the Bay of Bengal via a deep sea port in Rakhine state. Some observers believe the call signals that China intends to exploit the coming economic slowdown to push ahead with projects on its own terms. “Myanmar was very cautious about dealing with these projects before,” said Khin Khin Kyaw Kyee, a China analyst at the Yangon-based Institute for Strategy and Policy. “But Covid-19 has compromised that and the projects are going to get momentum here because there aren’t a lot of options,” she added. Myanmar’s GDP is likely to drop by 2-3% as a result of the Covid-19 pandemic, with the poor set to be hardest hit, the World Bank warned..."

Creator/author: 

Chan Thar

Source/publisher: 

"Myanmar Now" (Myanmar)

Date of Publication: 

2020-05-27

Date of entry: 

2020-05-27

Grouping: 

  • Individual Documents

Category: 

Countries: 

Myanmar, China

Language: 

English

Resource Type: 

text

Text quality: 

    • Good