Xu Liping, a senior research fellow of Southeast Asia studies at the Chinese Academy of Social Sciences, said Myanmar generally pursues a balanced foreign policy under which the country will not totally depend on a single major power.
"The U Htin Kyaw administration's attitude toward China is certainly friendly," Xu said.
But uncertainties also exit, such as whether possible conflicts between Myanmar's military and armed ethnic groups would harm China's security interests, he said.
Nyunt Maung Shein, chairman of the Myanmar Institute of Strategic and International Studies, said, "Myanmar's new government will pursue friendly ties with China, which is very important to Myanmar in economic, diplomatic and security fields."
According to the scholar, there is plenty of room for bilateral cooperation.
Apart from enhancing cooperation on energy and infrastructure, the two countries can work more closely in nontraditional security fields, such as combating drug trafficking, human trafficking, arms smuggling and other cross-border crimes.
Since Myanmar opened up to foreign investment in 1988, China has invested $15.42 billion in 115 projects there, accounting for 26 percent of the total foreign investment in Myanmar by the end of last year.
In recent years, China has remained the biggest foreign investor in Myanmar. While Chinese companies are willing to follow this trend with more business opportunities opening up, the business community in Myanmar also has high expectations of cooperation with China.
Aye Lwin, joint secretary-general of the Union of Myanmar Federation of Chambers of Commerce and Industry, has traveled to China many times.
"A distant relative is not as good as a near neighbor," he said, quoting a Chinese proverb to describe the importance of ties between the two countries.
