"Chinese President Xi Jinping and Myanmar State Counsellor Aung San Suu Kyi announced the decision during their formal talks in the Myanmar capital of Nay Pyi Taw on Saturday. Xi said that enjoying a profound "Paukphaw" (fraternal) friendship, China and Myanmar face new development opportunities in bilateral ties as both countries have entered a new stage of national development. This time, the two sides have decided to jointly build a China-Myanmar community with a shared future, ushering in a new era of bilateral relations, Xi said. The president urged efforts to implement the decision, systematically plan and deploy next-phase exchanges and cooperation in various fields, and strengthen political guidance for bilateral relations, so as to push China-Myanmar relations to a higher level. Firstly, Xi said, the two countries should accelerate the alignment of their development strategies and put more efforts into the construction of the China-Myanmar Economic Corridor (CMEC). The two sides should advance their five-year plan for economic and trade cooperation, effectively dovetail their development strategies, and well implement their economic and trade as well as production capacity cooperation. Stressing the overriding importance of the CMEC in their Belt and Road cooperation, Xi said the two sides have started the substantive construction of the CMEC, adding that the two sides should work to increase the sense of gain of both peoples, the Myanmar people especially, as soon as possible. Secondly, the two countries should focus on flagship cooperation projects to strengthen connectivity, Xi said. China and Myanmar have agreed to allow the Kyaukphyu projects to play a demonstrative and driving role in the CMEC, and accelerate the construction of the China-Myanmar Border Economic Cooperation Zone and the New Yangon City, so as to complete the overall layout of the economic corridor supported by the north, east and west ends..."