Chinese Investment in Burma Falls Sharply as Western Interest Picks Up
5 June 2013
Chinese investment in Burma has plummeted over the past year amid strained relations and a surge of interest from Western foreign investors, the Wall Street Journal reported on Wednesday. The report comes as China is nearing the completion of a major investment in the Southeast Asian country, two natural gas pipelines from the Bay of Bengal through Burma’s Shan State into China. For decades, China has been Burma’s closest large trade partner, with the world’s second-largest economy benefiting from economic sanctions imposed on Burma by the West. But a recent easing of economic restrictions has begun to sideline China.