About Myanmar

Myanmar, officially called the Republic of the Union of Myanmar and also known as Burma, is a sovereign state which is located in Southeast Asia, being bordered by India and Bangladesh to its west, Thailand and Laos to its east and China to its north and northeast. Myanmar is 676,578 square kilometers (261,228 square miles) in size. In 2005, the government moved its capital city from the largest city Yangon (Rangoon) to Naypyidaw.

 

Myanmar is qualified with superior natural conditions and abundant natural resources. Agriculture is the foundation of national economy. Its main crops include rice, wheat, corn, sugarcane, jute and so on. Myanmar is rich in forest resources,owning 34.12 million hectares of forest and the forest coverage rate reaches around 50% . It is known as the biggest country for teak production and also enjoys a high reputation of jade in the world. 95% of world’s jade and fossil-jade are made in Myanmar.

In order to take full advantage of beautiful scenery and places of interest, the Myanmar government strives to develop the tourist industry, attracts foreign investment and constructs tourism infrastructure actively. The main scenic spots in Myanmar include Shwedagon Pagoda, historic city Mandalay, city of pagodas Bagan as well as Ngapali Beach,etc.
Recent years, the economic and trade cooperation between China and Myanmar has has gained remarkable progress and long-term development. Collaborative areas has been expanded from simply trade and financial aid to engineering contracting, investment and multilateral cooperation. The bilateral trade volume increased year by year, since the border trade plays an important role in Sino-Myanmar trade.

In order to guarantee the safety of national resources, Myanmar’s central government demands the society to develop mainstream trade and take effective control of the local government’s jurisdiction. Myanmar gives full play to the basic role of market forces in allocating resources in foreign trade, encourages private investment and enterprise establishment. Meantime, Myanmar takes reform and open policy in economy so as to develop foreign trade and foreign investment.