Myanmar is considering allowing Chinese investments to directly use the yuan, and has pledged that politics will be more stable after the general election at the end of the year.

Min Aung Hlaing: Chinese investment may be directly in RMB, Myanmar promises political stability after the general election at the end of the year

At the second Myanmar-China Economic Cooperation Promotion Conference held in Chengdu, Myanmar's Acting President Min Aung Hlaing sent out a significant signal: it is considering allowing Chinese enterprises to use RMB directly when investing in Myanmar, and promoting the establishment of a settlement system between RMB and Burmese kyat. The related plan will be "announced soon".

He emphasized that the Myanmar side has provided preferential policies such as tax exemptions and tax reductions for its partners, and promised to ensure investment security. Min Aung Hlaing also said that Myanmar will hold a "free and fair general election" in December this year to ensure political stability and create conditions for further deepening Sino-Myanmar economic cooperation. The conference attracted more than 100 Chinese entrepreneurs and experts from Sichuan, Yunnan, Chongqing, Hunan and other areas.

Original article: www.toutiao.com/article/1842703235256907/

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