CHINA TOPIX

China Eyes up to 85% Stake in Myanmar's Strategic Kyauk Pyu Port

Charissa Echavez   |

May 06, 2017 05:04 AM EDT

China is planning to acquire at least 85 percent of Myanmar's strategic sea port Kyauk Pyu, located on the Bay of Bengal, as part of its ambitious "One Belt, One Road" initiative, according to negotiating documents reviewed by Reuters and three other people with knowledge about the talks.