Myanmar’s government wants to sharply reduce the scale of a Chinese-funded port project on the Bay of Bengal that officials say risks saddling the country with unsustainable debt.
Authorities in Myanmar are in talks with a Chinese consortium led by state-owned investment company Citic Group to shrink the size of what was originally envisioned as a $7.3 billion development to one costing about $1.3 billion, according people familiar with the discussions.
...