DUE to the importance of foreign direct investment in My­anmar’s development, the country welcomes investment from foreign partners. A total of 52 countries have invested in Myanmar, with China ranking second. In this way, China has the potential to invest more in Myanmar.

Myanmar specifically emphasizes the safety of Chinese busi­ness people and investments in Myanmar based on Swe Myo Pauk-Phaw relations between Myanmar and China. In order to implement the Built and Road Initiative-BRI, Myanmar’s gov­ernment is focusing on the China-Myanmar economic corridor cooperation project announced by President Xi Jinping.

The China-Myanmar economic corridor will be implemented to create a linkage between Kunming of Yunnan Province of the People’s Republic of China and Muse, Mandalay, Yangon and Kyaukpyu, which are strategic business points in Myanmar. As such, plans are underway to implement projects on special economic zones, ports, modern border points, warehouses, industrial zones and freight transport routes in order to benefit both Myanmar and China.

In a meeting with Head of State of Myanmar Senior General Min Aung Hlaing in Kunming, China, to attend the summits, including the Eighth GMS Summit, Chinese Pre­mier Mr Li Qiang disclosed that the China-Myanmar Eco­nomic Corridor project is a top project, so the work plans should be accelerated. As such, it is necessary to place emphasis on fostering peace and stability along the Myan­mar and China border regions and the economic corridor.

Peace, tranquillity and stability are essential for the development of a country and its regions. As such, the Myanmar government always opens the door of peace to all ethnic armed organizations with readiness to hold peace talks. Since 2018, Tatmadaw has declared the ceasefire one-sidedly to initiate the peace process. As the government has invited all ethnic armed organizations to address armed conflicts in a political manner, if it is a political problem, they can really resolve it. Moreover, it is necessary to conduct peace and stability in the China-Myanmar border without fail by eradicating illegal businesses and trade.

Both Myanmar and China have maintained friendly relations for thousands of years in successive eras, and they will stand as good neighbourhoods in the future. It is certain that the enhancement of friendly relations and bilateral cooperation between Myanmar and China will contribute to the promotion of existing friendly ties between people of both countries, easing all business and trade processes with investment opportunities.