Find

17 January 2018

Help AsiaNews | About us | P.I.M.E. | Contact us | Newsletter | Facebook | Twitter | desktop

01/11/2018 CAMBODIA-CHINA

New economic agreements with Beijing: Phnom Penh increasingly distant from the West

The two countries are linked by a solid political, economic and military understanding. China provides loans for the construction of an airport and a motorway. Bilateral trade between the two countries will reach $ 6 billion by 2020. 

Phnom Penh (AsiaNews / Agencies) - Cambodia and China today signed 19 new economic agreements, strengthening the close relations between the two countries. Beijing is committed to providing aid and investment in neighboring Southeast Asia, distancing Cambodia from the influence of Western partners.

The two countries are linked by a solid political, economic and military understanding. Recently, Beijing's support strengthened Cambodian Prime Minister Hun Sen in the face of criticism following the dissolution of the first opposition party, ahead of the upcoming elections.

The agreements, whose economic value was not disclosed, were signed today at the end of talks between Chinese Premier Li Keqiang and Hun Sen in the Cambodian capital (photo). They include an agreement between the Overseas Cambodia Investment Corporation and the China Development Bank (Cdb) for a loan for the construction of a new airport in the north-western province of Siem Reap. The two countries also agree to build a motorway from Phnom Penh to the seaside resort of Sihanoukville, formerly a center of Chinese investment.

Cambodia’s Royal Group of Companies and the Chinese Great Wall Industry Corporation are planning to launch the first communications satellite of the Southeast Asian nation. Other operations include subsidized loans for the supply of electricity and support for Cambodian agriculture. Eun Sophalleth, assistant to Hun Se, declares that the two Prime Ministers also discussed how to encourage Chinese tourists to visit Cambodia and export sugar to China.

The official reports that Li promised Hun Sen a further economic commitment of over 1.2 billion yuan (246 million US dollars) for other projects. The Cambodia Foreign Ministry says that bilateral trade between the two countries will reach $ 6 billion by 2020.






See also

15/01/2018 12:58:00 CHINA
IMF: China preaches globalisation but practices trade barriers

David Lipton, first deputy managing director of the International Monetary Fund, makes the charges. Beijing must protect copyrights and reduce distortions linked to industrial overcapacity and policies that favour state enterprises. For its part, China claims to be a victim and a defender of globalisation.



04/01/2018 13:33:00 MYANMAR – CHINA
Myanmar’s trade with China growing

Trade with China is second only to trade with ASEAN countries. Myanmar is strategically important for China, especially in the context of its Belt and Road Initiative. Beijing has invested heavily in the country, building roads, railways, ports and oil pipelines.



16/06/2008 CAMBODIA - CHINA
Dragon's shadow lengthens over Cambodia
Economic activity between the two countries is being stepped up in the sectors of trade, industry, and tourism. China also offers military assistance, while the percentage of students studying Mandarin is increasing. But the Chinese influence is also bringing corruption and the exploitation of manual labour.

13/04/2016 09:25:00 TAIWAN - CHINA
Taipei will not be part of Beijing’s Super-Bank: Humiliating conditions

The island's government announces that it will not be part of the Asian Investment Bank. For entry, the Chinese government demanded it make an application through its Ministry of Finance. This model "is not acceptable. Not only does this wound our national dignity, but violates the very principle of dignity. "

 



09/11/2017 09:21:00 CHINA-US
Tenderness and a deluge of economic contracts between the two 'emperors' Trump and Xi Jinping

Past criticisms almost forgotten. Trump appreciates Beijing's commitment on North Korea and criticizes previous US administrations for the imbalance in trade. Contracts signed for over US $ 250 billion. The exclusive visit and Beijing Opera performance in the Imperial Palace. And even the (usually forbidden) use of Twitter.




Find
AsiaNews C.F. e P.Iva: 00889190153
desk@asianews.it


GLACOM®