Meeting with China-Myanmar entrepreneurs: SAC Chairman delivered a remark at the meeting

A meeting between Chinese and Myanmar investors and business leaders was held at the HUALUXE Kunming Hotel in Kunming, People's Republic of China on 5th November and the State Administration Council Chairman and Prime Minister, Senior General Min Aung Hlaing, attended the event and delivered a speech.

Alongside the Prime Minister, delegation members, Myanmar ambassador to China, the president and members of the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI), individuals interested in investing in Myanmar, as well as Chinese business owners with existing investments, were in attendance.

In his speech, the Prime Minister expressed his gratitude for the opportunity to speak and highlighted the long-standing relationship between China and Myanmar, which is expected to reach a "Diamond Jubilee" soon. He noted that the friendship and trust between the two countries' people, business sectors, and governments are steadily strengthening through good relations, particularly in economic cooperation, trade, and investment.

This cooperation is viewed as a strategic drive toward future goal. He elaborated that the Myanmar Investment Commission prioritizes and will provide special support for partner businesses in various sectors, including fertilizer production, public electric vehicle transportation, cement and steel manufacturing, value-added agricultural and livestock products, pharmaceuticals, and edible oil production.

The Prime Minister also mentioned Myanmar’s strategic location as a transport hub connecting South Asia, Southeast Asia, and China, as well as providing China access to the Indian Ocean. He emphasized opportunities for potential investors in Myanmar’s transport and infrastructure sectors.

He shared updates to facilitate smoother operations for Chinese investors in Myanmar, including the direct Yuan-Kyat payment system for trade, cross-border transactions, and investments, which aims to promote ease in using the Yuan for investments.

Myanmar’s compatibility with sectors within China’s Global Development Initiative (GDI) priority areas also presents more investment opportunities for Chinese business leaders. The Prime Minister also briefly addressed ongoing armed conflicts along the China-Myanmar border, noting that despite Myanmar’s peace and political dialogue offers, armed groups have deliberately acted to destabilize the border.

He stated that some groups have used a range of tactics to misrepresent Myanmar in China, seeking political and military gains, and that illegal trade activities supported by these groups pose risks to regional stability.

The speech concluded with a call for cooperative efforts from both governments to ensure stability and the resumption of trade along the border for the benefit of the people on both sides, as stable trade supports social and economic progress.

During discussions with Chinese companies and responses from Myanmar's Union Ministers, State Administration Council Chairman and Prime Minister added that Myanmar has ample potential for renewable energy, including hydropower, solar, and wind.

He noted that China has successfully implemented hydropower and solar power projects, and given Myanmar’s sunny climate, solar energy could be effectively harnessed in the country. He also emphasized that hydropower projects, if pursued, must include measures to protect the surrounding environment.

Regarding inflation, the Prime Minister mentioned efforts to manage it through direct payment systems. On agricultural investments, he stated that Myanmar is well-positioned to facilitate successful projects in line with the country's regulations.

As Myanmar is primarily an agricultural country, he encouraged projects related to producing fertilizer from coal and assured that necessary processes would be developed step by step. He also welcomed investments in steel production, saying Myanmar is open to further discussions as needed.

In his concluding remarks, the Prime Minister expressed satisfaction with the open dialogue, encouraging Chinese investors to approach their investments in Myanmar with confidence. After the meeting, the Prime Minister and his delegation warmly greeted the Chinese and Myanmar business participants, and then joined a luncheon hosted by the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI).