China signs MOU for Mandalay-Rakhine railway
China and Myanmar signed an MOU this week for a new 650-kilometer railway line connecting Mandalay with Kyaukpyu, Rakhine State. The new railway will join with another planned line from Mandalay to Muse, creating an unbroken line from the Bay of Beng
NLD victory a win for Chinese investment
This week, Chinese president Xi Jinping called State Counsellor Daw Aung San Suu Kyi to congratulate her on the resounding victory of the National League for Democracy. First and foremost, Xi reaffirmed Myanmar and China’s growing economic ties
Government will unbundle Chinese-backed New Yangon City
The Yangon regional government will unbundle an infrastructure deal for New Yangon City, a 20,000-acre Chinese-backed project planned for the western edge of the city. This means, bidders will have a better outlook of participating in parts of the pr
Auditor general fears rising Chinese debt
A mere week after Myanmar celebrated 70 years of diplomatic relations with China, Auditor General U Maw Than has urged parliament to be wary of Myanmar’s growing Chinese debt. In a June 15 speech, Maw Than pointed out that China holds USD 4 bil
ICG: Pandemic will stall Chinese infrastructure
The International Crisis Group (ICG) believes the ongoing COVID-19 pandemic will slow down Chinese-backed infrastructure projects. According to a recent report by the organization, the spread of the coronavirus has caused and will continue to cause u
