"When Myanmar’s military regime began opening up the country politically and economically in 2010, one motive was to alleviate the country’s overreliance on China. Ten years down the road, in the context of China’s Belt and Road Initiative (BRI) and the threat of new Western sanctions triggered by human rights violations against the Muslim Rohingya minority, China’s influence appears hardly diminished. When the quasi-civilian government under former president Thein Sein took over from the military junta in 2011, it launched a plethora of reforms to liberalise Myanmar’s economy and its political system. Driven partly by the desire of rapprochement with the West, the new administration introduced free elections, restored civic and political rights and released political prisoners. In response, Western nations started to re-engage with Myanmar — lifting sanctions, writing off debt and disbursing development aid again. On the economic front, signature reforms included the Foreign Investment Law of 2012, which facilitated the flow of foreign capital into Myanmar. The state’s monopoly in the telecom sector was ended and licenses issued to three foreign providers. In 2014, the Special Economic Zone (SEZ) Law was introduced to spearhead business environment improvements. The government also liberalised international trade by lifting state controls, easing licensing requirements and opening previously closed sectors to private sector trading. The economic reform momentum slowed down when a new government led by the former opposition party, the National League for Democracy (NLD), took over in 2016. Under the leadership of State Counsellor Aung San Suu Kyi, its initial focus was on peace, national reconciliation and cementing the democratic transition. In October 2016, the humanitarian crisis in Rakhine State pushed economic policy-making further to the back seat, disenchanting the business community..."