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China has become Myanmar's biggest trading partner, taking up 40 percent of the country's total trade since 2016-2017 fiscal year, he said.
China has abundant mineral resources in the ocean, requiring deep sea technologies to excavate. The Times cited a report from the Ministry of Land and Resources that there are 88 billion tons of rare earth materials, a billion tons of cobalt, and three trillion tons of polymetallic nodules under the sea floor.
China has now been in the top 10 fastest reforming Doing Business countries around the world for two years in a row, mainly due to several business reforms. It has moved up in the ranking by almost 50 places in the process. Its rank this year climbed to 31st place in terms of ease of doing business, up from 46th a year earlier and 78th in 2017, the study showed.
China currently has 36 nuclear power reactors in operation－ranking it fourth in the world after the US, France and Russia－with a further 20 under construction.
China has limited production capacities of raw materials for steel production, and more than 80 percent of iron, manganese nickel ores rely on imports, while almost all chrome ores are imported, with import sources highly concentrated, according to Li, who is also deputy head of China Iron and Steel Association.
来源：资阳报