November 20, 2017

China has proposed building an economic corridor with Myanmar to further enhance bilateral pragmatic cooperation, with observers saying the corridor could maximize revenue for both countries and contribute to the stability of Myanmar and the China-Myanmar border. 

Chinese Foreign Minister Wang Yi announced Sunday China's proposal to build the economic corridor at a press conference with Myanmar's State Counselor and Foreign Minister Aung San Suu Kyi following their talks, and stressed that the two countries have a great potential for cooperation as their economies are highly complementary.

The economic corridor, which would help Myanmar's development plan and needs, will start in China's Yunnan Province, extend to the central Myanmar city of Mandalay, and then east to Yangon and west to the Kyaukpyu special economic zone, forming a three-pillar giant cooperation pattern, Wang said, adding that the proposal will further develop China-Myanmar cooperation under the Belt and Road initiative.

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