Yangon scholars optimistic over China-Myanmar economic corridor plan

Source: Xinhua| 2017-11-24 20:58:23|Editor: Lifang
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by Zhuang Beining, Lu Shuqun

YANGON, Nov. 24 (Xinhua) -- Scholars of China and Myanmar are optimistic over the prospect of a tentative plan of building China-Myanmar economic corridor, proposed by the Chinese side and conveyed during Chinese Foreign Minister Wang Yi's visit to Myanmar from Nov. 19 to Nov. 21.

Wang, in a joint press meeting with Myanmar State Counselor and Foreign Minister Aung San Suu Kyi in Nay Pyi Taw on Sunday, told the press that China proposed building a herringbone-shaped China-Myanmar economic corridor.

The economic corridor, in consideration of Myanmar's national development plan and its actual needs, will start in north from China's Yunnan province, go down south to the central Myanmar city of Mandalay, and further extend east to the new city of Yangon and west to the Kyaukpyu special economic zone, forming a three-pillar giant cooperation pattern, he explained.

U Khin Maung Lynn, Joint Secretary-1 of Myanmar Institute of Strategic and International Studies, said Wang's proposal is based on the long-term interest of the peoples of the two countries, especially that for improvement of the living standard of poor people in rural areas.

He added that it would accelerate the development of areas lagging behind by connecting respective projects of the two countries under the framework of the Belt and Road Initiative.

Dr. Song Qingrun, Associate Professor of Unit Chief of Bay of Bangal Rim Unit, Institute of South and Southeast Asia and Oceanian Studies and China Institute of Contemporary International Relations, held that there is relatively great feasibility of building the China-Myanmar economic corridor, highly corresponding to the development plan of the two countries.

He is convinced that the successful construction of the corridor would also represent a model cooperation project of the Belt and Road Initiative.

As far as China is concerned, Song said the China-Myanmar corridor also connects Bangladesh-China-India economic corridor, facilitating China's trade link with Myanmar, Bangladesh, India and even with Middle East and African countries.

For Myanmar, it would contributes to the improvement of the country's infrastructure and attracting investment, Song added.

Aung San Suu Kyi, when meeting with Wang, also expressed Myanmar's appraisal over China's advocation of the China-Myanmar economic corridor, saying the construction of the corridor would resolve the issues of transportation and electricity supply.