BURMA-CHINA ECONOMIC RELATIONS

Chinese Investment in Burma
With limited options due to Western economic
sanctions -- and with China's rapid growth -- the GOB has
increasingly looked to China as its best source for FDI.
During GOB Prime Minister Thein Sein's April 2009 visit to
China, he encouraged additional Chinese investment in Burma.
GOB statistics indicate that as of November 2009, China had
invested USD 1.3 billion in Burma.  China's Ministry of
Commerce reports only USD 500 million FDI stock in Burma at
the end of 2008.  Both sources likely underreport China's
investment; an International Crisis Group estimate places PRC
FDI over USD 2 billion since 2003.  Mining, electrical power,
and oil and gas seem to be the leading sectors for Chinese
FDI, with the GOB reporting PRC investments of USD 866
million, USD 281 million, and USD 124 million, respectively.
(Note:  Oil and gas investment will likely increase
substantially with the construction of dual pipelines across
Burma, as described below.)  According to Winston Set Aung, a
Burmese economist with access to GOB officials, Chinese firms
import most of their labor for projects in Burma.  While the
percentage of Chinese labor varies depending on the industry
and project, Chinese employees are almost always used for
skilled labor, and often for manual labor.
(NEWS) C O N F I D E N T I A L SECTION

Wisdom in the mind is better than Money in the hand

The world, where we live, is perfectly decorated with beauties. We can sense it with mild and with fruitful intelligence. In the other way, we can able to feel it with our wisdom. The wisdom in our mind is how many we have the intelligence in everywhere we live. But people would confuse the wisdom and money. Actually, money is a thing that is the relationship between goods and customers, the people.
We couldn’t own happiness and love with money is clearly been seen. We can only get by appropriate wisdom. On the other hand, money could be stolen by anyone but for the wisdom is our own. No one can expect us. The wisdom in the mild is the treasure of our own that can never be end. But money in our hand is easily be gone like the wind.
So, we should try to get wisdom in our mind and then we should try some money for our survival. Because the one who have plenty of money but without wisdom can easily be perish by anyway. Hence, the wisdom in the mind is better than money in the hand. Man without wisdom is like the blind who walk in the daytime even though he is a millionaire.

William