sides need: Both sides need to work together to resolve this, according to Global Times China. On September 30, 2011, Myanmar's ex-president Thein Sein wrote to the parliament abruptly announcing the temporary suspension of the project. The Myitsone Dam is a hurdle in the way of China-Myanmar relations and an obstacle to Myanmar's economic development and attracting foreign investment. The sudden move caused huge economic losses to China. The stalled Myitsone Dam project is a symbol of slow economic development in the northern region in the past seven years. Chinese companies had invested in the 3.6 billion project with a total installed capacity of 6 million kilowatts that began construction in 2009.
(news.financializer.com). As
reported in the news.
Tagged under sides need, chinese companies topics.