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China-Myanmar economic ties expand at rapid pace
2016-08-18  CNTV, August 18, 2016

Economic ties between China and Myanmar have been expanding rapidly in recent years. China has been Myanmar's biggest trade partner since 2011, with bilateral trade accounting for one-third of Myanmar's total foreign trade volume. China is also Myanmar's biggest foreign investor.

According to Myanmar's official data, from 1988 to the end of 2015, China invested in a total of 115 projects worth over 15 billion US dollars. That's over a quarter of Myanmar's total FDI. Still, economic relations hit a bump in 2011 after Myanmar suspended a long-planned 3.6 billion-dollar hydroelectric dam project.

At the time, Aung San Suu Kyi herself was an activist against the China-invested Myitsone dam.

 

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