Over 300 Chinese companies are investing in Myanmar in the garment, real estate and construction, information and communication technology, agriculture, tour and services, and power sectors, according to the Myanmar-China Friendship Association.
“After President Xi Jinping announced the One Belt One Road initiative in 2013, Chinese investments in Myanmar have increased year on year, with several projects in the pipeline, including the Kyaukphyu deep-sea port project, the oil and gas pipeline, and railway projects. More Chinese entrepreneurs have been invited to invest in Myanmar,” said U Sein Win Aung, the chairman of the Myanmar-China Friendship Association. The association held a workshop for Chinese investors and non-governmental organizations at the Grand United Hotel in Ahlon Township on 19 November. During the workshop, U Sein Win Aung urged Chinese companies to comply with the investment laws and rules while expanding their investments and businesses.
The Myanmar-China Friendship Association will help Chinese companies network with businesses listed with the Republic of Union of Myanmar Federation of Chambers of Commerce and Industry, he said.
The association aims to promote cooperation between China and Myanmar in politics, economy, culture, technology, sports, health, and tourism to increase mutual understanding and friendship between the countries.
—Myint Maung Soe
(Translated by Ei Mon)