Chinese investors mull expansion plans in Myanmar
2018-07-06 13:22:00 / Myanmar Wood
Chinese investors have been showing keener interest to do business with Myanmar.
At the China (Dezhou) Myanmar Economic Trade and Investment Cooperation Seminar on Monday, during which Chinese firms sought business partners in Myanmar for the purposes of trade and investment, Li Lian Jun, chairman of China Chamber of International Commerce (CCOIC), said firms are interested in the energy, agriculture and manufacturing sectors.
Chinese firms are showing more interest in Myanmar at a time when the ongoing trade war between China and the US, which has seen the latter slap 25 percent tariffs on up to $50 billion of Chinese goods, is intensifying.
As a result of the trade tensions, some Chinese manufacturing businesses have enquired about moving their production facilities to Myanmar’s Thilawa Special Economic Zone, U Than Aung Kyaw, deputy director general of Directorate of Investment & Company Administration, told The Myanmar Times last month.
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Source From: The Myanmar Times
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