Myanmar Considers Direct Yuan Investment to Boost Chinese Business Engagement

Myanmar is weighing the option of allowing direct investment in Chinese yuan as part of efforts to attract more Chinese companies, according to Acting President and State Administration Council Chairman Senior General Min Aung Hlaing. A decision on the initiative is expected in the near future.

Speaking at the 2nd Myanmar–China Economic Cooperation Meeting in Chengdu on September 6, the Senior General proposed the formation of a joint business group to accelerate investment and development projects. He noted that Myanmar has already introduced a yuan–kyat direct payment system for trade, border transactions, and investments, aiming to simplify procedures for Chinese partners.

Highlighting alignment with China’s Global Development Initiative, he pointed to opportunities across multiple priority sectors. To encourage investment, Myanmar is offering a range of incentives, including tax breaks, tariff reductions, and investor protection guarantees.

The Senior General also emphasized that Myanmar’s upcoming general election in December would help reinforce political stability and create additional economic prospects. By combining Myanmar’s natural resources and workforce with Chinese capital and expertise, he said, both countries could achieve significant mutual benefits.

Concluding his remarks, he invited Chinese businesses to invest with confidence, expressing optimism that bilateral cooperation would foster stronger, long-term ties.

The meeting brought together senior Myanmar officials, Chinese and Myanmar ambassadors, leaders of the UMFCCI, and more than 120 Chinese entrepreneurs and experts from Yunnan, Sichuan, Chongqing, and Hunan.