China Burma sign US$ 7.5 billion deal

China signed a US$ 7.8 billion investment deal with Burma during Premier Li Keqiang’s visit to Naypyidaw during the recent ASEAN summit. With a major portion of the investment focusing on the energy sector, the deals also extended to include the agriculture, telecommunications and infrastructure sectors. Chinese investment in Burma stood at $14 billion out of a total $50 billion foreign investment.