onsdag 15. november 2017

China Faces Increasing Competition in Myanmar

Chinese domination of Myanmar can not be denied, as China is Myanmar’s top trading partner, and over the past three decades has also emerged as the single largest source of foreign direct investment (FDI) in the southeast Asian state. Myanmar-China bilateral trade had already reached $5.5 billion in the first half of the present fiscal year. Myanmar mainly exports agricultural and animal products and minerals to China, while it imports machine, electronic, and other consumer products. Trade is not excessively favorable towards China, as Myanmar exports to China are valued at $2.46 billion, while imports are estimated at $3 billion.