China’s Economic Storm Raises Risks and Uncertainties for Myanmar

China’s Economic Storm Raises Risks and Uncertainties for Myanmar
Chinese President Xi Jinping shakes hands with Myanmar President Thein Sein at the Great Hall of the People, Beijing, Sept. 4, 2015 (AP photo by Lintao Zhang).

YANGON, Myanmar—Beginning in the early 2000s, China’s rise buoyed commodities markets and improved the fortunes of many resource-rich countries. Myanmar was no exception: Bilateral trade has expanded considerably, with China now accounting for approximately 40 percent of Myanmar’s imports and 15 percent of its exports. Although estimates vary significantly, data provided by Myanmar authorities to the World Trade Organization indicate that China, including Hong Kong, made up nearly 60 percent of approved investments in its southwestern neighbor between 2005 and 2012. Cumulative Chinese foreign direct investment in Myanmar has since exceeded $14 billion, with much of that bound for the […]

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