Myanmar State Counsellor Daw Aung San Suu Kyi has returned from an eight-day foreign trip to China and Cambodia, bringing back investments worth ¥1 billion yuan (about US$148 million) from Beijing.
The State Counsellor arrived late Monday in Nay Pyi Taw from Cambodia, the last leg of her trip.
During her three-day Cambodian stay, which started on April 29, she met with Prime Minister Hun Sen and other senior officials in a bid to boost trade ties between the two countries.
The two leaders held talks focused on increasing economic cooperation as well as boosting cultural, tourism, religious and educational ties, according to a statement from the Cambodian leader’s aide.
Daw Aung San Suu Kyi also paid a courtesy call on Cambodian King Norodom Sihamon and visited the famous Angkor Wat in Siem Reap province.
It was her first visit to Cambodia since she became de facto leader of Myanmar in 2016.
On April 26, Daw Aung San Suu Kyi witnessed the signing of three agreements in Beijing, which included US$148 million worth of projects for Myanmar.
They included an agreement on economic and technical cooperation, a memorandum of understanding on the China-Myanmar Economic Corridor Cooperation Plan, and an MOU on a five-year development programme for economic and trade Cooperation.
The projects included livelihood programmes, studies for major projects, and humanitarian assistance for people displaced by conflicts in the country.
The signing was held on the sidelines of the second Belt and Road Initiative (BRI) Forum, which the State Counsellor and several other state leaders from around the world attended.
The BRI involves infrastructure development and investments in 152 countries and international organisations in Europe, Asia, the Middle East, Latin America and Africa.
Critics say the cost of the projects under the BRI is too high and has left many countries heavily indebted to China, which provides the loans for the projects.
At the forum, China assured that the cost of the projects was reasonable and the fear of unsustainable indebtedness is baseless.
Daw Aung San Suu Kyi assured China that Myanmar remains committed to the BRI and is willing to participate in projects that would benefit the country.