Myanmar-China trade ties come to grinding halt despite pol bonhomie - News Summed Up

Myanmar-China trade ties come to grinding halt despite pol bonhomie


Myanmar-China ties have been dynamic since Myanmar became one of the first non-communist nations to recognise the People's Republic of China in 1949. It was under these conditions that China–Myanmar ties began to take off.China is Myanmar's top trading partner and accounts for the lion's share of Myanmar's imports and exports . China and Myanmar signed several Belt and Road Initiative projects in 2020. The closing of Qingshuihe Port, according to local merchants, is a major setback for Myanmar's already ailing export sector. This amount is made up of $3.18 billion in exports from Myanmar to China and $2.95 billion in Chinese imports into Myanmar.


Source: Economic Times November 09, 2021 17:34 UTC



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