Tag: China-Myanmar Economic Corridor

Myanmar continues pushback against China’s BRI
23Aug By Mike TrudellNo Comments
China, World

Myanmar continues pushback against China’s BRI

In yet another setback for China’s expansionist plans, the Myitkyina Financial Growth Zone (MEDZ) – a part of China’s ambitious Belt and Road Initiative (BRI) – is behind schedule due to reservations from the Myanmar government and its residents.China’s headache continues to multiply in its southern neighbor Myanmar with a series of BRI associated infrastructure projects that hopes to provide Beijing access of Bay of Bengal facing critical pushback.After the Yangon mega city project where Beijing’s position has been minimized China funded Myitkyina Financial Growth Zone (MEDZ) – which was scheduled to be ready by 2021 – in Myanmar’s Kachin state is yet to take off due to serious differences between the Myanmar government and Chinese firm over land acquisition and compensation package.It wa...
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Myanmar to involve foreign partners in China-funded mega city project
17Aug By Mike TrudellNo Comments
China, World

Myanmar to involve foreign partners in China-funded mega city project

In another pushback against China, Myanmar has decided to involve international partners in a key project of the Belt and Road Initiative (BRI) - the Chinese funded mega Yangon City Project.The Myanmar government has decided to open up the project for other foreign firms besides China Communications Construction Company (CCCC), as it is not keen that one single company dominates the mega project, according to sources with knowledge on the matter.According to sources, the project has been a source of controversy due to its flood-prone location as well as the CCCC’s involvement.“The CCCC has been accused of corruption relating to development deals in at least 10 countries in Africa and Asia”, they said.During Chinese President Xi Jinping’s visit to Myanmar early this year, the two sides had ...
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