16 September 2019

Chinese firm launches Myanmar charm offensive, WSJ says

A Chinese mining company is embarking on a public relations and social spending spree in Myanmar in an attempt to revive a business relationship that cooled after environmental protests by local communities shut down the company’s operations, the Wall Street Jurnal reported Wednesday. Wanbao Mining Ltd., a subsidiary of state-owned Chinese arms manufacturer China North Industries Corp., has promised more than US$1 million a year in social investments in villages around the mining site, the report said. Also, it will funnel 2 percent of profits toward corporate social responsibility projects once the mine is in operation.

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