Photo taken on March 12, 2017 shows Huawei smartphones displayed at a store in Yangon, Myanmar. China's investment in Myanmar reached 2.8 billion U.S. dollars in this fiscal year 2016-2017, drastically down by nearly 500 million U.S. dollars as compared with the previous fiscal year, official media reported Tuesday. However, China still ranks first overally in the total foreign investment line-up with 18.53 billion U.S. dollars as of January 2017 since 1988, the Directorate of Investment and Company Administration was quoted as saying. (Xinhua/U Aung)
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China's investment in Myanmar declines in 2016-2017 fiscal year
YANGON, March 7 (Xinhua) -- China's investment in Myanmar reached 2.8 billion U.S. dollars in this fiscal year 2016-2017 , drastically down by nearly 500 million U.S. dollars as compared with the previous fiscal year, official media reported Tuesday.
However, China still ranks first overally in the total foreign investment line-up with 18.53 billion U.S. dollars as of January 2017 since 1988, the Directorate of Investment and Company Administration was quoted as saying. Full story
