China’s Belt & Road Initiative (BRI) is facing another challenge in Southeast Asia. On July 5, Myanmar announced it would be ceasing the continuation of billions of dollars of Chinese-sponsored projects. In the beginning of August, sources said that Myanmar was now scaling back on the Chinese-led Kyauk Pyu deep-water port project over cost concerns. – Weiting Li
On May 25, concerns over the price tag attached to a Myanmar port construction (China’s CITIC Group won the rights 3 years ago) arose as experts questioned why the project would cost so much. In addition, the less than flattering reports of China’s motivation behind the $7.5 billion deep-sea port in Kyaukpyu are being questioned by critics of the One Belt One Road Initiative (OBOR) also known as the Belt & Road Initiative (BRI). – Dillon Billingham
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