China to reduce Kyaukpyu port share

China has agreed to reduce its stake in a proposed deep-sea port in Rakhine State in Myanmar to 70% amid local concerns about Beijing’s growing economic power in the country, a senior government official has said.

China has agreed to reduce its stake in a proposed deep-sea port in Rakhine State in Myanmar to 70% amid local concerns about Beijing’s growing economic power in the country, a senior government official has said.