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Tuesday, November 29, 2011

China's sway runs deep in Myanmar's ancient capital - Yahoo!

China's sway runs deep in Myanmar's ancient capital - Yahoo!

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  1. Chinese money is financing new ports, highways and dams across the resource-rich country of 50 million people. Those projects underpin more than $14 billion of pledged Chinese investment for the fiscal year ending in March, making China by far the biggest investor in Myanmar.
    But in a sign Myanmar wants a little less of China, President Thein Sein in late September halted construction of a $3.6 billion dam being built by China in northern Myanmar because of public anger over its impact downstream on the Irrawaddy, seen as a holy river.
    OPPORTUNITIES IN ANCIENT CAPITAL

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