Beijing is known for striking lopsided deals and not backing down. Here's how Myanmar turned the tables on China, with an assist from the U.S.
Last year, Myanmar renegotiated terms for a multibillion-dollar Chinese-funded deep-water port and industrial zone, shrinking the scope of the project and slashing the country’s future debt burden to its economic powerhouse neighbor.
At the time, the Myanmar government said the port did not need to be so big or require so much debt. Officials managed to hammer out a new deal with China, a country better known for making lopsided arrangements with weaker countries than for backing down in talks.
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