China and Myanmar have signed a port deal after years of negotiation.

http://www.mizzima.com/article/china-myanmar-sign-port-deal-after-years-negotiations

This port is a very strategic port to China because China can bypass the strait of Malacca and Singapore.

China has managed to resolve the previous port conflict between Myanmar and China.

http://sg-stock.blogspot.com/2017/05/china-will-take-control-of-myanmar-port.html