Myanmar agrees smaller deal for China-backed port after 'debt-trap' concern

Source: Channel NewsAsia

Published on Nov. 8, 2018, 4:50 p.m.

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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