{"id":3063,"date":"2022-03-09T06:08:50","date_gmt":"2022-03-09T06:08:50","guid":{"rendered":"http:\/\/www.thayninga.org\/?p=3063"},"modified":"2022-03-09T06:08:50","modified_gmt":"2022-03-09T06:08:50","slug":"chinamyanmar","status":"publish","type":"post","link":"https:\/\/thayninga.org\/2022\/03\/09\/chinamyanmar\/","title":{"rendered":"Chinese Investment in Myanmar"},"content":{"rendered":"

Chinese Investment in Myanmar<\/strong><\/span><\/p>\n

This study seeks and explores Myanmar\u2019s economic ups and downs, local, regional, and international challenges of economic growth for Myanmar, and an impact of Covid-19 Pandemic crisis on Myanmar economy under globalization and a major role of Chinese investment in Myanmar\u2019s in industrial Zones and Projects during 2011 -2020.<\/span><\/p>\n

Myanmar is a country, in which is political instability, ethnic armed conflict over seventy years and western sanction around thirty-two years. Only after 2011, Myanmar could poorly join with international trade, market, and investment and connect with international economic organizations and has received international aid and supports for multiple development. Furthermore, though from 2011 to 2015, Myanmar\u2019s economic growth, politics, and civil society seemed to be going stable, after 2016, economy has fluctuated and the political impact has eroded unity amongst civil society. Covid-19 Pandemic crisis hit a flow of economy, education contribution, health care, and civil network in Myanmar.<\/span><\/p>\n

In Myanmar\u2019s industrial Zones and Projects, China\u2019s investors and SOE are playing a major role compared to other foreign investors for years. Chinese investment has been aiding Myanmar under local and regional issues and western sanctions. When implementing some industrial Zones and Projects such as Myitsone dam, Latpadaung Taung, and KyaukPhyu Pipeline, though there were protest and conflict of civil society against Myanmar government and Chinese investors, all projects between Myanmar and China could reach to an end. China attaches great importance to its investments, imports, and exports from or into Myanmar.<\/span><\/p>\n

The rate of Chinese investments in Myanmar\u2019s industrial sector particularly indicates that Myanmar could again cooperate with international organizations to promote local and regional economy, but political risk pushes back Myanmar into a place where it was and continues to rely on China to be able to solve problem and challenges in region and pressure by Western countries. Hence, the only one way to reduce political risk and to sustain political stability is to increase Myanmar\u2019s economy and to promote social welfare in future.<\/span><\/p>\n

The Covid-19 Pandemic has intensively made waves human society, global network, and global trade flow. Progress of every feature such as education, health, financial, and economic sectors in developing countries has been lost, though not in developed ones as hit by the recent pandemic. As WTO mentioned, \u201cGlobal trade is set to shrink as much as 18.5% in Q2\u201d. Myanmar is also affected by the Pandemic so that GDP growth rate has dropped from 6.8% in 2018 to 1.8% now. Asian Development Bank (ADB) expects that Myanmar has good economic growth potential following year and reach 6%. But it will depend on how long a viral infection of Corona virus is going around. International Labor Organization (ILO) states that 1.6 million people are losing their jobs during Covid-19 Pandemic. According to the Global New Light of Myanmar -Myanmar Daily News (28 June 2020), nearly 140,000 employees from a total of 5,700 factories, workplaces, and restaurants have given away their jobs. Just as the economy is in crisis around the world, Myanmar\u2019s economy has plummeted as it takes time to recover.<\/span><\/p>\n

\u00a0<\/strong><\/span>China is a neighboring country of Myanmar since the period of Kingdom. The relation of Myanmar and China has always remained firm, but being a powerful country, some movement on border between two countries crashes the relation and waves Myanmar civil society. On the hand, whenever Myanmar government changes, it can be thought that China adjusts itself to Myanmar\u2019s policy and strategy against US and European countries. For over thirty years, Myanmar has still been suffering from international debt and bank loan, weakness of economic development and loss of human resources as consequence of sanction by Western and European countries. Myanmar was lonely away from international trade and market and as an ally of China, it was mainly engaged in trade. There are significantly lots of China\u2019s interests, investments, firms, and companies small or large led by not only China government like SOE but also private businessmen.<\/span><\/p>\n

The following two questions are the heart of the study and will emphasize on with strong factors, information, and data from not only the main sources, but also from the secondary sources published by officially researchers, scholars, and reporters from 2011 to 2020.\u00a0<\/span><\/p>\n