Suu Kyi party may review China-backed dam project
Aung San Suu Kyi’s incoming government is considering a rethink of a controversial Chinese-backed dam in Myanmar and looking for ways to end a military conglomerate’s “privileges”, according to her party’s economic advisor.
Her new government, which is expected to take office in early April, faces a raft of economic challenges, not least the continued financial clout of Myanmar’s military, while needing to manage delicate relations with China, its biggest trading partner.
Critics of the former junta long argued that Myanmar’s military elite grew wealthy off a cosy relationship with Beijing that granted the giant northern neighbour lucrative concessions with little trickle down benefit.
Hantha Myint, the head of National League for Democracy’s economics committee, said voters were expecting tangible change.
“The people have very high hopes and then if we misbehave in some way… the people’s expectations will be crushed,” he said during an interview at the party’s headquarters in Yangon. Read More