China, Myanmar to settle matters on suspended hydropower project

China and Myanmar agreed to properly settle matters related a suspended joint hydropower project in Myanmar, reports Xinhua News.

Both sides pledged to increase cooperation and work toward bringing mutual benefits to the two nations.

The agreement was reached in Beijing during talks held between Chinese Foreign Minister Yang Jiechi and his Myanmar counterpart U Wunna Maung Lwin, who is visiting China as a special envoy of Myanmar President U Thein Sein.

According to a press release issued by the Chinese Foreign Ministry after the talks, the two sides have conducted a thorough consultation over the Myitsone hydropower plant project, which was ordered to be suspended by Myanmar's president.

The two foreign ministers also exchanged views on bilateral relations and other issues of common concern.