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  • By The Financial District

China Carves Path To Indian Ocean Via Myanmar Rail Network

When the West cut off aid to Myanmar after the military took control in 2021, China rushed to fill the vacuum under its Belt and Road infrastructure-building initiative.


Photo Insert: Part of the project appears to be full-steam ahead after a rail network section that connects western China to Myanmar began operating in recent months.



But growing concern over China's so-called debt trap diplomacy threatens the of progress of a jewel of the initiative, the China-Myanmar Economic Corridor, Nikkei Asia reported.


Part of the project appears to be full-steam ahead after a rail network section that connects western China to Myanmar began operating in recent months, Nikkei Asia revealed, giving some shot in the arm for the program that Myanmar oppositionists consider as strategically important for China but unnecessary for Myanmar.



For Beijing, the development is seen as crucial because it has the potential to open up a vital route to the Indian Ocean and allow the railway to become a hub for transporting raw materials from Myanmar to China.


As always, only Chinese corporations participate in infrastructure projects, which means loan proceeds stay in China.


All the news: Business man in suit and tie smiling and reading a newspaper near the financial district.

Railroads can significantly cut shipping time between the two countries but the China-Myanmar Economic Corridor will be funded through a loan that Myanmar must pay, including huge interest. It is very seldom that China extends grants to poor countries. In Africa, grants comprise only 5% of the “credit assistance” agreements cut by China.



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