Attack on strategic pipeline in Myanmar threatens China's investment

Sun Online Desk

8th May, 2021 10:20:01 PM printer

Attack on strategic pipeline in Myanmar threatens China's investment

As violent protest continues to mount in Myanmar causing disruption throughout the country, Chinese energy companies contracted to build power plants in the nation are considering exiting the market.

According to several reports, since the military staged a coup in February, China seems to be very concerned over the unfolding chaos in Myanmar, The Irrawaddy reported.

A total of USD 16-million per-day border trade takes place between China and Myanmar. Besides this, Beijing's investments in the 800-kilometer-long oil and natural gas twin pipelines are of strategic importance.

 

Source: Economic Times

 

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