mandag 9. desember 2024

Chinese aid cannot overcome Myanmar junta’s declining finances and morale

Despite being bolstered by an unprecedented degree of Chinese diplomatic and material support, Myanmar’s military has had mixed results in the past few weeks, in the face of mounting economic and fiscal challenges. The State Administrative Council (SAC) - as the junta is officially called - has continued to suffer military setbacks that have economic implications of their own.

With the capture of Kan Paik Ti, the Kachin Independence Army (KIA) has consolidated control of the entire border with China and stepped up their offensive in the mineral rich regions. The KIA announced that it would allow the resumption of rare-earth mining in the Pangwa-Chipwi region, now under its control.