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In making major deals with Myanmar’s military rulers, China seems to be violating its official guidance for investment abroad: Avoid conflict zones. Although Myanmar is in a state of collapse and widening rebellion, China continues to advance plans for a complex economic corridor in the country with the military unveiling steps to move ahead with big joint-venture projects. The generals’ bid to appear in control of things is obvious. China, on the other hand, seems to have fallen into a trap. Cozying up to the junta puts its investments at immediate and long-term risk and erodes its standing in regional organizations. To protect its interests, Beijing should press the junta to curb its rampant violence against the population and to restore the elected government. ....

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