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People board ferries to go to the Kyaik Mhaw Wynn pagoda on the outskirts of Yangon, Myanmar, on April 19. Photo: AFP

A new and hopeful chapter has begun in Myanmar after the transfer of power to the new civilian-led government. Expectations are running high for the administration led by the National League for Democracy (NLD) not only from the segments of Myanmar eager to see further changes, but also the representatives of Chinese investors.

"We hope the Chinese and Myanmese governments will continue to promote the resolution of the suspended Myitsone Dam project [url=]Women's Mike Glennon Jersey[/url] ," said Jiang Lizhe, deputy director of the Department of Public Affairs of the Upstream Ayeyawady Confluence Basin Hydropower Co. Ltd (ACHC), a Sino-Myanmar joint venture that manages hydropower resource development in Myanmar, to the Global Times.

"We are full of expectations about the new government of Myanmar [url=]Women's Eddie Goldman Jersey[/url] , hoping it can make a decision that tallies with the demands of Myanmar and bilateral economic and trade win-win cooperation," Jiang added.

On September 30, 2011, then Myanmar president U Thein Sein abruptly announced that work on the Myitsone Dam [url=]Women's Kevin White Jersey[/url] , a hydroelectric mega-project with a total investment of $80 billion from the China Power Investment Corporation (CPI), would be suspended in the name of "the people's will," until the end of his term. Since then, there has been perennial speculation over the final fate of the dam.

At that time [url=]Women's Cody Whitehair Jersey[/url] , public opposition to the project was soaring, with some NGOs and activists launching verbal attacks on the dam. There was a perception that the deal with China was signed by the military government at the cost of the interests of Myanmar people.

"Varied parties were wrestling with each other during Myanmar's democratic transition, the dam suspension helped boost Thein Sein's reputation both home and abroad," Bi Shihong [url=]Women's Leonard Floyd Jersey[/url] , professor at the School of International Studies at Yunnan University, told the Global Times.

Myanmese author Thant Myint-U held that suspending work on the dam was "the best sign" that the Thein Sein government was serious about reforms, he was quoted as saying by the BBC in 2011.

The project has only been suspended, not cancelled. The new government has to face the conundrum of the Myitsone dam and make a decision. On March 8 at a press conference held at the sidelines of the Fourth Session of the 12th National People's Congress [url=]Women's Eddie Jackson Jersey[/url] , Chinese Foreign Minister Wang Yi said China and Myanmar will continue to handle the matter "in an active and appropriate way," emphasizing that "The Myitsone Dam is a commercial project that has cleared all the approval procedures."

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