Myanmar juntas have been among the most adamant supporters of Beijing’s Taiwan policy and have even banned media from using the name ‘Taiwan’ for the democratic, self-ruled island.
Under the China-brokered pact, the alliance has agreed not to seize more junta bases and the regime will halt air and artillery strikes, sources said.
China said it will ‘take all necessary measures’ to protect its citizens after an artillery shell from Myanmar reportedly struck a town over the border, causing injuries.
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.
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