Recently Yahoo News on-line reported the following:
Myanmar seeks closer China ties with Renminbi trade
project
Wed, December 22, 2021, 2:22 AM
By John Geddie
(Reuters) - Myanmar will start accepting Renminbi as an
official settlement currency next year for trade with China, it said on
Wednesday, as it looks to restart several joint projects and forge closer
economic ties with Beijing.
Myanmar's junta, which seized power in a Feb. 1 coup, said
in a statement it enjoyed a special "kinship" with China, which has
supported it financially and with COVID-19 vaccines.
The statement issued by the ministries of information and
investment also identified infrastructure projects with China that it said were
a "major priority" for its economic revival, including plans for
railways and ports.
Chinese state media outlet Global Times previously reported
Myanmar's Renminbi plans, saying the move aimed to address the country's
shortage of U.S. dollars and other foreign currencies during a period of
economic turmoil.
Analysts have said that
Myanmar's increasing international isolation could push it closer to China,
which has not been publicly critical of the coup but has repeatedly urged
different parties in Myanmar to "bridge their differences" and
"advance the democratic transition".
The ministries also
said that Myanmar's economic downturn this year was "much less severe than
forecasts of some international economists" and that the country expects
to record modest growth in 2021-2022.
Nearly half the population of Myanmar, once one of Asia's
fastest growing economies, will be pushed below the poverty line next year due
to twin impacts of the coup and the pandemic, the U.N. has estimated.
(Reporting by John Geddie; Editing by Andrew Heavens and
Giles Elgood)
Translation
(路透社) - 緬甸週三表示,明年將開始接受人民幣作為與中國貿易的官方結算貨幣,因為它希望重啟幾個聯合項目, 並與北京建立更緊密的經濟聯繫。
在 2 月 1 日的政變中奪取政權的緬甸軍政府在一份聲明中表示,它與中國有著特殊的“親緣關係”,中國在經濟上和
COVID-19 疫苗方面為其提供了支持。
信息和投資部發布的聲明還確定了與中國的基礎設施項目,並稱這些項目是使經濟復甦的“重中之重”,包括鐵路和港口計劃。
聯合國估計,由於政變和大流行的雙重影響,曾經是亞洲增長最快的經濟體之一, 緬甸明年將有近一半的人口生活在貧困線以下。
So, Myanmar, like Nicaragua, when under
boycotts and isolation from international countries turns to China for help.
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