China's investment in Myanmar remains at the top

 

The Kyauk Phyu deep sea port project, which is being implemented under CMEC, includes the construction of a railway connection from there to China.

Asean Briefing, which reports on investments in the ASEAN region, said that despite the fact that foreign investment is leaving Myanmar after the military coup in Myanmar, China continues to invest in Myanmar.

China has invested in nearly 600 investment projects worth more than 21 billion US dollars, most of which are in the electricity sector, he said.

In addition, this amount is up to 23 percent of the total amount of foreign investment in Myanmar.

2021 in Myanmar Since the February military coup, the military council has approved foreign investment of up to 5.7 billion, of which 3 billion came from China, according to data from ISP Myanmar.

Chinese companies are working on ports and railways in infrastructure projects under the China-Myanmar Economic Corridor (CMEC).

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If this economic corridor is successful, China will export its products to South Asia, West Asia East Africa and Europe can be exported through Myanmar, and raw materials can be shipped to China through Myanmar.

China is Rakhine, not curved China through Mandalay and Shan State There is also a 700-kilometer-long pipeline connecting Yunnan Province.

In 2022, nearly $1.5 billion worth of natural gas was exported to China through that pipeline.

Analysts believe that the future of Burma's economy depends on whether it can work to stabilize the current internal conflicts, as well as connect with international business partners, especially China.