Myanmar risks falling into a China debt trap

Posted on Jun 5 2018 - 2:34pm by Editor

 

Beijing’s plan to build a US$7.5 billion deep-sea port at Kyaukpyu is raising concerns about the project’s pricing, terms and strategic motivation

PM (UTC

Local residents' houses in front of buildings of a Chinese oil pipeline project (pink roof) on Madae island, Kyaukpyu township, Rakhine state, Myanmar. The wider project, part of China's One Belt, One Road initiative, envisions twin oil and gas pipelines, a deep sea port and special economic zone. Photo: Reuters/Soe Zeya Tun

Local residents’ houses in front of buildings of a Chinese oil pipeline project (pink roof) on Madae island, Kyaukpyu township, Rakhine state, Myanmar. The wider project, part of China’s One Belt, One Road initiative, envisions twin oil and gas pipelines, a deep sea port and special economic zone. Photo: Reuters/Soe Zeya Tun

 

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