An agreement has been made between China and Myanmar to restart the $7.3 billion deep-sea port project, Kyaukphyu, which had been put on hold. With a signing ceremony held in the capital of Myanmar, Naypyitaw, the agreement promised to speed up construction. It was signed by representatives of China’s state-owned CITIC Group (Myanmar) and the junta of Myanmar.
Although the Special Economic Zone (SEZ) and Kyaukphyu Port were first introduced in 2010, the COVID-19 outbreak and the military turmoil...