TAIPEI ( TheStreet) -- The irony is irrepressible. We have two authoritarian Asian neighbors with a historically cozy anti-Western relationship. One is investing all over the world, from acquisitions in the United States to resource exploration in Africa. The other has cracked open its fertile economy to foreign investors over the past year.But China is not emerging as the most favored investor in Myanmar, according to an unusually critical report in the venerable Caijing.com.cn online newspaper. Its July 30 commentary says Chinese investors are offering excessively "traditional industries" such as mining, infrastructure construction and telecom projects. Those missions would give China access to the Indian Ocean while locking in natural resources for its still fast-growing economy.
U.S., Japan Want a Piece of China's Myanmar Action
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