It turns out that Myanmar may need China after all.
Reformers had hoped that the transition from a military regime to democracy would bring in new foreign investment to help Myanmar wean itself from support from its massive neighbor to the north, which was its main patron during decades of international isolation. But it hasn’t quite turned out that way.
“Despite the earlier expectation that Western investments will pour into Myanmar after the financial sanctions were lifted, non-Chinese investment in Myanmar in fiscal year 2012/2013 is far from being enough to make up for the steep drop in investments from China, which remains Myanmar’s largest trading partner,” writes Stimson researcher Yun Sun.
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