Djibouti, Myanmar and Sri Lanka Anchor China's Maritime Silk Road
The contours of Chinese MSR (Maritime Silk Route) are quickly unfolding. China has increased its both economic and military presence through this initiative.
Recent events:
a. A military base in Djibouti which is strategically located connecting Red Sea and Gulf of Aden. Recently China has also signed a deal to build Free Trade Zones in the country and providing nearly $12.4 billion hat Djibouti intends to invest by 2020.
b. China has also signed a deal to develop an Industrial Park and a deep water port in Kyaukphyu in Myanmar. This facility in Bay of Bengal will help China avoid Strait of Malacca, secured by USA.
b. China has also signed a deal to develop an Industrial Park and a deep water port in Kyaukphyu in Myanmar. This facility in Bay of Bengal will help China avoid Strait of Malacca, secured by USA.
Read more at: http://goo.gl/NMBJNW
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