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Myanmar's debt to China decreases 26% under ousted Suu Kyi

Beijing's 'wait-and-see' policy risks losing investment for Belt and Road

Myanmar's attempt to ease economic dependence on China has not been easy.

BEIJING/YANGON -- Data shows that under the Myanmar government led by State Counselor Aung San Suu Kyi, who was ousted on Feb. 1, economic ties with China weakened. As the Myanmar military junta tightens its grip on power, bilateral relations will be key for the military-led government's efforts to buttress the economy.

Under the government led by Suu Kyi's National League for Democracy, the economy expanded its ties with the West; as a result, outstanding debt with China decreased by 26%. Also, trade with Western countries increased and the trade deficit with China shrank.

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