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International relations

Myanmar reviews $9bn China-backed port project on cost concerns

Officials in the country fear a default could force the venture into Chinese hands

A Chinese lead port project in Kyaukpyu, Myanmar (Photo by Yuichi Nitta)

YANGON (Financial Times) -- Myanmar’s government is reviewing a $9bn deepwater port project backed by China over concerns it is too expensive and could ultimately fall under Beijing’s control if Myanmar were to default on its debt.

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