Jan 16, 2020

Ports, trains and trade: Xi Jinping to offer Myanmar billion-dollar bounty

The crown jewel of Xi's two-day visit will be a $1.3 billion deep-sea port off Myanmar's troubled western Rakhine state. The Kyaukphyu port will serve as Beijing's gateway to the Indian Ocean. Myanmar has successfully hammered down the price from $7.2 billion to swerve fears of a Chinese debt-trap, but will still pick up 30 per cent of the bill. Read more at: https://economictimes.indiatimes.com/https://economictimes.indiatimes.com/news/international/business/volkswagen-hit-with-big-polish-fine-over-dieselgate/articleshow/73272050.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst