Extracts from the Foreign Ministry Spokesperson Hua Chunying’s Regular Press Conference on June 8, 2018
Q: Reports say that Myanmar’s government is reviewing the Kyaukpyu deepwater port project backed by China. Sources said that Myanmar’s economic officials were looking for ways to negotiate down costs for the planned port. Some are concerned that it could ultimately fall under Beijing’s control if Myanmar were to default on its debt. What is your comment?
A: China and Myanmar are friendly neighbors, and we have been conducting close economic and trade cooperation. As far as I know, the Chinese company took part in the project through international bidding, and the two sides are now in business negotiations. We support the Chinese company and the Myanmar side in developing the Kyaukpyu port project in accordance with the principle of equal consultation, mutual benefit and win-win outcomes so as to promote the local economic and social development and improve people’s livelihood.