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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."

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