Myanmar Commerce Minister Dr Than Myint, right, shakes hands with Chinese Ambassador to Myanmar Hong Liang after the Signing Ceremony of the Framework Agreement Kyauk Phyu Special Economic Zone Deep Sea Port. Photo: AP

Myanmar signs smaller Chinese port deal amid ‘debt trap’ fears

  • First phase of the project to cost US$1.3 billion, after earlier proposals had set aside US$7.3 billion
  • But officials raised concern after reports that Chinese-backed projects in Sri Lanka and Pakistan had entangled those countries in debt
Topic |   Myanmar's changing ties with China

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Myanmar Commerce Minister Dr Than Myint, right, shakes hands with Chinese Ambassador to Myanmar Hong Liang after the Signing Ceremony of the Framework Agreement Kyauk Phyu Special Economic Zone Deep Sea Port. Photo: AP
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