China eyes up to 85% of strategic port in Myanmar
Negotiations with Citic-led group set to start next week amid Chinese push into Myanmar
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CHINA is looking to take a stake of up to 85 per cent in a strategically important sea port in Myanmar, according to documents reviewed by Reuters, in a move that could heighten tensions over China's growing economic clout in the country.
Beijing has been pushing for preferential access to the deep sea port of Kyauk Pyu on the Bay of Bengal, as part of its ambitious "One Belt, One Road" infrastructure investment plan to deepen its links with economies throughout Asia and beyond.
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