investment

Myanmar borders China, India, Bangladesh, Laos and other countries, as well as the Bay of Bengal and the Andaman Sea. Myanmar is one of China's direct sea lanes into the Indian Ocean and plays an important role in the energy supply system. Relying on this geopolitical advantage, China attaches particular importance to economic and trade cooperation with Myanmar and regards Myanmar as an important partner in jointly building the "Belt and Road". According to data from the Myanmar Investment and Company Authority, as of the end of September 2023, Myanmar had approved Chinese investment of US$21.873 billion, accounting for 23.5% of total foreign investment. On December 26, 2023, China successfully obtained the 99-year lease renewal right for Kyaukphyu Port in Myanmar, which will become the best seaport in the southwest and even central China; and it means that China will greatly reduce its access to Malacca trade and energy routes dependence, Chinese-made products will also have an easier time entering global markets through the Indian Ocean.