China supports Myanmar in pursuing a development path suited to its national conditions, Foreign Ministry spokesman Lin Jian said at a regular press briefing in Beijing on Thursday.
Lin made the remarks in response to a question about China-Myanmar relations, emphasizing China's continued support for peace and reconciliation efforts in Myanmar.
"Myanmar's Aung San Suu Kyi is a long-standing friend of China, and we have always been concerned about her situation. As a friendly neighbor, China supports Myanmar in pursuing a development path suited to its national conditions and stands ready to support all parties in Myanmar in advancing broader, more solid, and longer-lasting peace and reconciliation," said Lin.
China supports Myanmar's development path suited to national conditions: spokesman
China has allocated a second batch of ultra-long special treasury bond funds to support equipment upgrades, as authorities step up efforts to boost investment, the National Development and Reform Commission said on Thursday.
The commission said 91.5 billion yuan, or about 13.4 billion U.S. dollars, has been earmarked for more than 6,700 projects across 16 sectors.
The projects span industrial and energy systems, transport and logistics, public services such as healthcare, education and tourism, as well as environmental and recycling initiatives, and are expected to drive total investment of over 380 billion yuan, or roughly 56 billion U.S. dollars.
The funding will also support the replacement of aging trucks, electric city buses and outdated agricultural machinery. Including earlier allocations, the total funding under the program has reached 185.1 billion yuan this year (over 27 billion U.S. dollars), accounting for 92 percent of the annual quota.
Driven by the policy, investment in equipment and tools rose 13.9 percent year on year in the first quarter, accelerating by 2.4 percentage points from the January-February period and contributing 2.3 percentage points to overall investment growth.
The commission said it will work with relevant departments to strengthen oversight, improve full-cycle fund management, and accelerate project implementation and fund disbursement, to ensure fund efficiency.
China allocates 2nd batch of special bond funds for equipment upgrades
