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How Myanmar’s understanding of China is paving the way for economic success
Houmin Yan and Da Hsuan Feng say thanks to their knowledge and understanding of China and the Chinese, the people and government of Myanmar are better placed than their Asean peers to benefit from collaboration with Beijing, particularly in the belt and road scheme
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Hong Kong Chief Executive Carrie Lam Cheng Yuet-ngor’s presence at the 14th World Chinese Entrepreneurs Convention in Yangon was a timely reminder that, among Asean members, Myanmar is probably the most proactive in participating in China’s “Belt and Road Initiative”.
There are many reasons to say this. First, among all the countries that could help Myanmar grow, China appears to fit the bill best.
For nearly five decades, Myanmar was essentially closed to the outside world, so its basic infrastructure severely lags behind the more advanced members of the Association of Southeast Asian Nations, such as Thailand, Malaysia and Singapore.
Despite significant affluence in major metropolitan areas such as Yangon, overall, the country has a weak services sector and depends heavily on imports for much of its industrial needs, such as steel, concrete and even daily necessities.
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