ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Politics

Myanmar will ask China to downsize project, minister says

$10bn port investment should be 'as lean as possible' to avoid debt trap

An oil transfer facility in Kyaukpyu. The port city facing the Indian Ocean is a pivotal point on China's Belt and Road initiative.

NAYPYITAW -- Myanmar will seek to reduce the scale of a China-led special economic zone project in its western state of Rakhine, Planning and Finance Minister Soe Win said in an exclusive interview.

Speaking with Nikkei on Tuesday, the minister, a former Deloitte managing partner, stressed the importance of heeding "lessons that we learned from our neighboring countries, that overinvestment is not good sometimes."

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more