China, Myanmar tighten their Belt and Road ties

Description: 

"China and Myanmar agreed to accelerate several joint infrastructure deals and projects during President Xi Jinping’s historic visit to the country, giving new impetus to commercial relations that have revived under Myanmar leader Aung San Suu Kyi. Xi visited Myanmar on January 17 and 18, marking the first time a Chinese leader traveled to the Southeast Asian country in nearly two decades and coinciding with the 70th anniversary of the two sides establishing formal diplomatic relations. The two governments inked 33 agreements involving key infrastructure projects while agreeing to accelerate the implementation of the China-Myanmar Economic Corridor scheme, part of Beijing’s Belt and Road Initiative (BRI). Most significantly, the two sides agreed to concession and shareholder agreements for the China-backed port project at Kyaukphyu in central Rakhine state. There are five agreements still to be signed on the project, according to Myanmar Deputy Commerce Minister Aung Htoo. The deals are controversial, however, and could expose China to future political risks. Tun Kyi, coordinator of the community group Kyaukphyu Rural Development Association, said local villagers were not consulted during the negotiations of the two new agreements..."

Creator/author: 

Thompson Chau

Source/publisher: 

"Asia Times" (Hong Kong)

Date of Publication: 

2020-01-21

Date of entry: 

2020-01-21

Grouping: 

  • Individual Documents

Category: 

Countries: 

Myanmar, China

Language: 

English

Resource Type: 

text

Text quality: 

    • Good