Chiang Mai [Myanmar], February 5 (ANI): After a military coup in Myanmar on February 1, China is again poised to be the “friend in need” it has always been in times of crisis for the country, reported Asia Times.
China has made huge investments in Myanmar.In order to save its investments, China took the stand of ‘understanding the coup’ in Myanmar while globally the act was derided and condemned.
Among the major projects that were on the table before the coup are a new railroad linking the Chinese border town of Ruili with Mandalay in Myanmar, and a China-financed deep-sea port at Kyaukpyu on the Bay of Bengal, which already also serves as a terminus for oil and gas pipelines that reach across Myanmar and flow into China’s southern Yunnan province, reported Asia Times.
Chinese Foreign Ministry spokesman Wang Wenbin, at a news briefing on February 1 hours after Myanmar’s elected…
China making cautious moves to save its investments in Myanmar after coup-ANI
