Cambodia wants more Chinese investors

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China-cambodia
Sino-Cambodian ties

Cambodian Prime Minister Hun Sen said on October 15 that the country wanted more Chinese investors to help boost local economy and deepen Sino-Cambodian ties.

The premier made the remarks during a meeting with Yin Yicui, chairwoman of the Standing Committee of Shanghai Municipal People’ s Congress, at the Peace Palace in Phnom Penh, Xinhua reported.

He asked Yin to encourage more investors from Shanghai to do businesses in Cambodia, particularly in tourism and agriculture. China is one of the top providers of development assistance to Cambodia. Loans and grants from China since 1992 have amounted to $2.85 billion, according to Cambodia’s Finance Ministry.

The country is also the largest investor in Cambodia. According to the figures of the Council for Development of Cambodia, from 1994 to 2012, total Chinese investment in Cambodia reached $9.17 billion. Two-way trade stood at $2.9 billion in 2012 and is expected to reach $5 billion by 2017.

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Reading Time: 1 minute

Sino-Cambodian ties

Cambodian Prime Minister Hun Sen said on October 15 that the country wanted more Chinese investors to help boost local economy and deepen Sino-Cambodian ties.

Reading Time: 1 minute

China-cambodia
Sino-Cambodian ties

Cambodian Prime Minister Hun Sen said on October 15 that the country wanted more Chinese investors to help boost local economy and deepen Sino-Cambodian ties.

The premier made the remarks during a meeting with Yin Yicui, chairwoman of the Standing Committee of Shanghai Municipal People’ s Congress, at the Peace Palace in Phnom Penh, Xinhua reported.

He asked Yin to encourage more investors from Shanghai to do businesses in Cambodia, particularly in tourism and agriculture. China is one of the top providers of development assistance to Cambodia. Loans and grants from China since 1992 have amounted to $2.85 billion, according to Cambodia’s Finance Ministry.

The country is also the largest investor in Cambodia. According to the figures of the Council for Development of Cambodia, from 1994 to 2012, total Chinese investment in Cambodia reached $9.17 billion. Two-way trade stood at $2.9 billion in 2012 and is expected to reach $5 billion by 2017.

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