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KM Financial Solutions | Myanmar agrees smaller deal for China-backed port after ‘debt-trap’ concern
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Myanmar agrees smaller deal for China-backed port after ‘debt-trap’ concern

07 Nov Myanmar agrees smaller deal for China-backed port after ‘debt-trap’ concern

Posted at 11:56h in News by
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Myanmar on Thursday signed an
agreement with China’s state-run CITIC Group to begin
work on a deep-sea port in the west of the country, after
negotiations that saw the initial phase of the project scaled
back over fears of a “debt trap”.

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