Yunnan province provided 250 million RMB in budget support for the China-Laos Mohan-Boten Economic Cooperation Zone Project. (linked to #65932)

In 2013, the provincial government of Yunnan, China committed that from 2013 to 2017, the Provincial Finance Ministry of Yunnan province would provide 50 million yuan each year in the form of budget support to the development of the Mohan-Boten Economic Zone (or the Mohan/Boten Economic Cooperation Zone between China and Laos or China-Laos Mohan-Boten Economic Cooperation Zone Project or 中老磨憨－磨丁经济合作区), which is a cross-border economic cooperation zone between the two countries. ("云南省人民政府支持西双版纳州磨憨跨境经济合作区建设若干政策"). It is unclear if the budget support will be in the form of grants or loans. On August 31, 2015, the Chinese Ministry of Commerce Minister and Laos Deputy Prime Minister officially signed on behalf of the two governments in Beijing on "China Laos Mohan-Moding Economic Cooperation Zone Construction Common Master Plan" ("中老签署磨憨-磨丁经济合作区建设共同总体方案"). On May 31, 2016, the pilot zone of the project was established. ("勐腊（磨憨）重点开发开放试验区") On Nov 28, 2016, the two sides signed "Common Overall Plan for the Construction of the Mohan-Modin Economic Cooperation Zone in China" ("中国老挝磨憨—磨丁经济合作区共同发展总体规划（纲要）"). ("中国老挝磨憨—磨丁经济合作区联合协调理事会第一次会议召开") Yunnan Haicheng Group and Hong Kong Fuxing Tourism and Entertainment Group Co., Ltd are the contractors of the project. Yunnan Prov. China invested 500 million USD to Louang Namtha Prov. Laos for the project. ("Report on China-Laos Cooperation Opportunities under the Belt and Road Initiative in 2018") The project will promote the development and opening-up of the border areas of the two countries, giving full play to its geographically radiating and leading role and demonstration effect. Spanning China’s Yunnan Province and Laos’ Louang Namtha Province, the zone reaches Mohan town in the east, China-Laos border in the south, Molong village in the west, and the tea farm of Shanggang Village in the north. To give full play to the comparative advantages of each country, the Chinese area mainly develops headquarters economy while the Lao area concentrates on manufacturing. In 2012, Yunnan Haicheng Industry Group established Moding Special Economic Zone Development Group Co., Ltd. in Laos, responsible for Moding's economic construction and development. ("走进磨憨—磨丁经济合作区——因“合”而变 因变而兴") As part of the Mohan-Boten Economic Cooperation Zone, the Boten Special Economic Zone started construction on Dec. 18, 2016, and the construction and operation of the Boten Zone is undertaken by Chinese companies. The project is still under implementation. The project linked to #65932, Yunnan Haicheng Industry Group Co., Ltd. invested in Lao Boten Special Economic Zone.

Number of official sources

11

Number of total sources

13