China's flourishing economic relations with Myanmar

Description: 

"In 1950, Myanmar established diplomatic ties with China. But the bilateral economic relations of the friendly neighbors date back to the pre-Christian era and have flourished recently. As an old Chinese saying goes, "A good neighbor is better than a far-dwelling relative." Booming bilateral trade China is the largest trading partner as well as one of the most important sources of investment for Myanmar. Official data shows that as of July in 2019, China's cumulative investment in Myanmar accounted for over 25 percent of Myanmar's total foreign investment. Centuries ago, there was a land route between China, Myanmar and India, the southwestern Silk Road. And for that long, China mainly exported silk, porcelain, tea and metals to Myanmar while importing shells as currency, spices, wood and jade from its neighbor..."

Source/publisher: 

"China Global Television Network (CGTN)" (China)

Date of Publication: 

2020-01-14

Date of entry: 

2020-01-14

Grouping: 

  • Individual Documents

Category: 

Countries: 

Myanmar, China

Language: 

English

Resource Type: 

text

Text quality: 

    • Good