"Myanmar is sandwiched between two very large neighbours – China and India. Relations with China are not currently cordial, especially among the Myanmar people, who retain memories of numerous undue political and economic interactions and incidents. Historically, China is seen as an intruder rather than an equal partner, and even investments from China have unfair terms. In addition, regular border conflicts add to the already growing suspicion and negative image of China. India, on the other hand, plays a much smaller role. Its biggest investment in Myanmar is through the Kalaton project which is worth just US$ 8.5 million. The previous government tried a two-prong strategy – one prong to develop ties with pro-west India and another to facilitate China’s goal of having access to the Indian Ocean. China is implementing the One Belt, One Road initiative. Three interesting observations can be made about the current geopolitical situation here: First, China’s One Belt, One Road appears to exclude Myanmar. Secondly, United Wa State Army (UWSA) is taking a lead over other seven Ethnic Armed Organisations (EAOs), and is trying to replace the Myanmar government-sponsored Nationwide Ceasefire Agreement with another ceasefire agreement. Thirdly, the UWSA’s Pangsang Summit declared that the One Belt, One Road strategy of China might have positive direct impacts on Myanmar’s ethnic regions. The Pangsang Summit was held on February 22, organised by UWSA and Mongla Army/ National Democratic Alliance Army (NDAA). NCA non-signatory groups – Arakan Army, Kachin Independence Army, Myanmar National Democratic Alliance Army, Ta’ang National Liberation Army, Shan State Army and two special guests – also attended the summit. Some attendees to Pangsang Summit are also members of United Nationalities Federal Council (UNFC). The UNFC is currently negotiating with the government in order to sign the NCA. Meanwhile, the Wa group and its partners have demanded a new ceasefire agreement instead of the NCA..."