Business analysts say the concession contract was likely tweaked to offer better terms for China’s state-owned firm CITIC, which has a 70 percent stake in the massive project.
Beijing said it would "continue to provide support and facilitation" for the warring parties to hold peace talks.
Decision to allow the market to set the exchange rate for the greenback and other foreign currencies leaves fuel importers at the mercy of wildly fluctuating rates, businesspeople say.
Regime foreign minister visits Beijing for first talks with his Chinese counterpart since the ethnic alliance seized control of territory along the Myanmar-China border.
The isolated regime has quickly reversed course a week after junta-backed nationalists staged protests against China’s perceived support for an ethnic military offensive.
The ‘security exercises’ come amid strained ties between Naypyitaw and Beijing over the regime’s handling of conflict with ethnic forces and scam compounds on the border.
The protests were a rare display of displeasure at Beijing by the regime, which has indirectly accused China of arming the alliance.
Chinese ambassador Chen Hai has signed a power-purchase agreement with the regime over three solar projects in Magwe and Mandalay regions.
Anti-regime ethnic alliance has made sweeping gains on the site Beijing has earmarked for a rail link to Indian Ocean.
Beijing calls on regime to strengthen security for Chinese personnel and projects amid large-scale offensive by the ethnic Brotherhood Alliance in Shan State.
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