If Myanmar comes under international sanctions again and its economy deteriorates, China loses a market for its products. When Myanmar’s generals made their democracy deal a decade ago, they hoped to open the country to both Western and Chinese investment. In Southeast Asia, Chinese investment in Myanmar, Laos, and Cambodia has seen incremental growth with implications for wider regional economic and political cooperation. It would not be logical for China to support a military government sanctioned by the international community. These Chinese companies employ a large number of local workers, and have made strong contributions to the country's economic growth. Just in the garment sector, there are roughly 600 factories in Myanmar at present, and about half have Chinese investment. Major Chinese investment in Myanmar dates back to 2004 when the two countries agreed to build oil and natural gas pipelines between southwest China’s Yunnan province and Myanmar… China is already the second-largest investor in the country. YANGON—China was the largest investor in Myanmar’s financial hub, Yangon Region, in the first nine months of the current fiscal year, according to the Directorate of Investment and Company Administration (DICA). With the establishment of Asian Infrastructure Investment Bank (AIIB), Silk Road Fund, and China’s One Belt One Road (OBOR) strategy, Chinese firms will continue to play an important role in Myanmar. China’s outbound direct investment in Myanmar was insignificant until 2008. The NLD’s dependence on Chinese investment is likely to increase if the NLD regains power, given the reimposition of Western sanctions due to Myanmar… As Myanmar pushes forward its economic reform agenda, a shortage of electricity and energy casts a shadow over potential growth, despite its large oil and proven natural gas reserves. Major Chinese investment in Myanmar dates back to 2004 when the two countries agreed to build oil and natural gas pipelines between southwest China’s Yunnan province and Myanmar’s deep water port of Kyaukphyu in the Bay of Bengal. This booklet aims to provide the prospective investor with an introduction to investment regulations in Myanmar, as well as basic information on investment incentives, business regulations, and taxes. Over the past decade, Chinese infrastructure investments under the umbrella of the Belt and Road Initiative (BRI) in Myanmar experienced a rocky history of stops and starts, as have other BRI projects in Southeast Asia. There have been many changes in the regulatory and investment climate in Myanmar over the last several years. As a result, Myanmar has diversified its sources of foreign investment, but China remains the biggest source of FDI in terms of stock. inflows for developing countries. Such Chinese investment should integrate local capacity building and the requirements of sustainable development into its profit-seeking business behaviors. China’s investment in the country is dependent on whether Myanmar has a stable, internationally accepted government.
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