YANGON, March 12, 2017 - People walk past a store of Huawei in Yangon, Myanmar, March 12, 2017. China's investment in Myanmar reached 2.8 billion U.S. dollars in this fiscal year 2016-2017, drastically down by nearly 500 million U.S. dollars as compared with the previous fiscal year, official media reported Tuesday. However, China still ranks first overally in the total foreign investment line-up with 18.53 billion U.S. dollars as of January 2017 since 1988, the Directorate of Investment and Company Administration was quoted as saying.

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Photo taken on March 12, 2017 shows a sale center of Chinese automaker Dongfeng Motor in Yangon, Myanmar.

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Photo taken on March 12, 2017 shows Huawei smartphones displayed at a store in Yangon, Myanmar.

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