There are several reasons why China finally takes part in a cooperation framework with the lower Mekong countries. One of them is allow China to enter a ‘damage control’ diplomacy.
Tag: One Belt One Road Policy
China’s ‘Belt and Road’ Policy Benefits Cambodia, Analysts Say
The Asian Development Bank figures that some $26 billion in investment will be needed by 2030 to meet regional infrastructure demands.
The Myanmar-China dilemma
Myanmar is sandwiched between two very large neighbours – China and India. Relations with China are not currently cordial, especially among the Myanmar people, who retain memories of numerous undue political and economic interactions and incidents.
China’s rise takes centre stage at ADB annual meeting
China’s growing economic influence through the One Belt, One Road initiative and the newly operational Asian Infrastructure Investment Bank were key topics of discussion at the Asian Development Bank’s annual conference in Frankfurt this week.
The Chinese-led AIIB has 57 founding members with others expected to join. The One Belt, One Road (OBOR) project aims to strengthen infrastructure on the land and sea routes from China through Central Asia and Southeast Asia respectively – incorporating some 60 separate states.
Both initiatives affect Myanmar, as a member country of the AIIB and as a host to Chinese OBOR infrastructure projects – including a recently approved US$3 billion refinery near the southern city of Dawei.