Myanmar’s pushback against China-funded Economic Corridor inspired by debt trap in S Asian states


Source: indiatimes.com indiatimes.com

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NEW DELHI: Myanmar’s pushback against China, which is trying to widen its influence through China Myanmar Economic Corridor (CMEC), among other issues has been influenced by Pakistan’s experience in China Pakistan Economic Corridor (CPEC) and Sri Lanka's Hambantota Port that have pushed these countries to debt trap . Myanmar’s all-powerful generals have drawn lessons from experiences of Pakistan, Sri Lanka and Maldives where China funded projects have pushed these countries debt trap and increased Beijing’s influence, ET has reliably gathered. The Ministers in the current civilian government have equal reservations against the Chinese inroads. In an investigative report in 2017,...