BUSINESS - China’s Exim to upgrade Kachin railway

China’s Exim Bank will provide loans to Burma for upgrades on the Mandalay-Myitkyina railway in the country’s north, according to an official from Myanmar Railways. The poorly-maintained tracks are prone to derailment and are in dire need of repair, the official said. China’s Exim has also vowed to finance road upgrade projects in southeastern Burma and elsewhere.