Due to the mistrust by Burma military towards the Chinese government, the CMEC was never smooth process. Except for the gas and oil pipeline, other big investment and projects were either delayed or outright cancelled.
The Myitsone Dam cancellation which cost China billions of dollars have dampened any aspiration from China. It is not until Aung San Suu Kyi multiple attempts to win over Chinese investment that China began to invest more heavily into Burma. However, big projects such as the railroad is still under feasibility study, the sea port investment was scaled back 80%, the Kyaukphyu Special Economic Zone, the Cross-Border Economic Cooperation Zones, and the Yangon New City Development have not been materialized. So at the moment, the only investment from China are those factories. I would think China should just focus upon the Cross-Border Economic Cooperation Zones as Burma is a lost cause at the moment.
I agree it is never a good idea to invest in the Burma in the first place. However, it isn't easy to impose collateral for countries such as Burma when they just don't have much rule of law.
The Myitsone Dam cancellation which cost China billions of dollars have dampened any aspiration from China. It is not until Aung San Suu Kyi multiple attempts to win over Chinese investment that China began to invest more heavily into Burma. However, big projects such as the railroad is still under feasibility study, the sea port investment was scaled back 80%, the Kyaukphyu Special Economic Zone, the Cross-Border Economic Cooperation Zones, and the Yangon New City Development have not been materialized. So at the moment, the only investment from China are those factories. I would think China should just focus upon the Cross-Border Economic Cooperation Zones as Burma is a lost cause at the moment.
I agree it is never a good idea to invest in the Burma in the first place. However, it isn't easy to impose collateral for countries such as Burma when they just don't have much rule of law.