- CNTV English - CCTV News

Myanmar-China border trade fair launched in Muse

04-29-2011 14:03 BJT

MUSE, Myanmar, April 29 (Xinhua) -- A Myanmar-China border trade fair was launched in Myanmar's Muse 105th Mile Border Trade Zone Friday, aimed at enchanting the bilateral trade between the two countries.

With a total of 230 booths from the two sides, the three-day fair was inaugurated by Vice Governor of Yunnan province of China Gu Chaoxi and Union Myanmar Deputy Minister of Commerce Dr. Pwint Hsan.

Other surrounding countries such as India, Thailand, Laos and Bangladesh also joined the fair.

The two countries' joint committee for border trade will meet at the fair with a briefing on investment in Myanmar.

Myanmar-China border trade fair is held annually on alternate base as the last was held in Ruili, southwest China's Yunnan province linking Myanmar's Muse.

According to China site's official figures, Myanmar-China bilateral trade hit 4.44 billion U.S. dollars in 2010, a 53.2- percent increase over the previous year, with China standing as the second largest trading partner of Myanmar.

The two countries' border trade amounted to 1.054 million dollars in the first seven months (April-November) of 2010-11, accounting for 83 percent of Myanmar's border trade, according to the Myanmar's official statistics.

Myanmar's export to China through border trade stood at 567 million dollars, while its import from the neighbor was registered at 486 million dollars, according to the commerce ministry.

In 2010, China's investment in Myanmar also rose rapidly, garnering the top place for the first time in Myanmar's foreign investment line-up with 12.3 billion dollars.

There are 170 Chinese companies investing in Myanmar according to the figures.


Editor:Du Xiaodan |Source: Xinhua

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program