In November, 2017, Chinese Foreign Minister Wang Yi proposed to establish the economic corridor during his meeting with Myanmar State Counselor Aung San Suu Kyi.

According to official figures, border trade between Myanmar and China has reached over 4.3 billion U.S. dollars as of June 14 in present fiscal year 2018-2019.

Myanmar mainly conducts border trade with China through Muse, Lweje, Chinshwehaw, Kanpikete and Kengtung border gates.

The country’s agricultural, marine, forest products and minerals to China while machinery, plastic raw materials, consumer products and electronic devices from China are imported.

Meanwhile, Myanmar Investment Commission (MIC) has permitted a total of 82 Chinese investment projects with the capital of over 323.3 million U.S. dollars as of May 31 in FY 2018-2019, according to figures from the Directorate of Investment and Company Administration (DICA).

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