China to remain influential in Myanmar even as Western firms arrive

China, the biggest investor in Myanmar, will lose market share to other countries as they rush to invest there, but Asia's largest economy will remain a major investor in the Southeast Asian nation owing to its huge cash resources, observers say.

"In the past, Chinese companies played a big role inYangon. In the future, all countries will play a big role, because we want all countries to share in the investment," said Toe Aung, deputy head of city planning and land administration at the Yangon city development committee.

via Business feed http://www.scmp.com/business/china-business/article/1236409/china-remain-influential-myanmar-even-western-firms-arrive