The military regime is set to drop meaningful structural reforms from an economic recovery plan initiated by the former National League for Democracy government, and is instead promising to slash red tape in a bid to shore up collapsing business confidence.
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The recent spike in fighting in the north of the country appears to have dashed hopes that State Counsellor Daw Aung San Suu Kyi’s leadership could bring all ethnic armed groups into the Nationwide Ceasefire Agreement. China has expressed growing concern about the violence near its border and increased its support for Myanmar’s peace process, hosting a number of high-profile meetings.