At a lecture on Myanmar Investment Law in Lanzhou University in early November, a participant asked about the state of Chinese investments in Myanmar today. I explained that as a foreign lawyer in Myanmar, I supported and promoted the Belt And Road Initiative and Chinese Investments for the following reasons:
1. China is the largest source of FDI in Myanmar today;
2. When the Kunming railroad to the Myanmar coast is finally built, it will form the backbone of economic development with factories, shops, schools and medical facilities at every stop;
3. “Bali” and “Macau” style resorts in the country will attract visitors and beef up its economy. The rest of the world will rush in.
I’m glad Myanmar is now speeding up the process.
“In late November, Ning Jizhe, deputy head of China’s National Development and Reform Commission (NDRC), visited Myanmar and met with State Counsellor Aung San Suu Kyi and the minister of planning and finance along with other ministers. A week later, on December 6, the China-Myanmar Economic Corridor (CMEC) implementation steering committee, led by Aung San Suu Kyi, met. Years after the launch of China’s Belt and Road Initiative, Myanmar is finally moving rapidly to embrace President Xi Jinping’s project.”
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