Logo of Phnom Penh Post newspaper Phnom Penh Post - Bilateral trade with China rises

Bilateral trade with China rises

Bilateral trade with China rises

Trade volume between Cambodia and China was valued at $1.79 billion in the first four months this year, a 42 per cent increase compared to the same period last year, according to the Chinese embassy in Cambodia.

In 2012, bilateral trade between the countries reached about $3 billion, a 16 per cent year-on-year increase.

Speaking at the promotion conference for the 114th Guangzhou Import and Export Fair in the Sofitel Hotel yesterday, Li Zhi Gong, a representative of the Chinese Embassy in Cambodia, said: “While both countries target to reach trade volume at $5 billion in 2017, more cooperation is needed to reach the goal.”

Of the 146,854 tonnes of rice Cambodia exported in the first five months of this year, 12,687 tonnes went to China.

Chen Chang Jiang, Chief Executive Officer at Bank of China in Cambodia, said that financial services in his bank have been increasing parallel to the increase in trade activity between the two countries.

MOST VIEWED

  • Proof giants walked among us humans?

    For years a debate has waged about whether certain bas relief carvings at the 12th-century To Prohm Temple, one of the most popular attractions at the Angkor Wat Temple Complex in Siem Reap province, depicted dinosaurs or some rather less exotic and more contemporary animal,

  • Japan bank buys major stake in ANZ Royal Bank

    Japan's largest bank acquired more than half of ANZ’s shares in Cambodia on Thursday, according to a statement from Kith Meng’s Royal Group. Japan's JTrust Bank, announced that they had acquired a 55% of stake in ANZ Royal Bank. According to a Royal Group

  • Long way to go before Cambodia gets a ‘smart city’

    Phnom Penh, Siem Reap and Battambang will struggle to attain smart city status without adopting far reaching master plans, according to officials tasked with implementing the program. The brainchild of the Association of Southeast Asian Nations (Asean), the smart city program seeks to link up

  • China-Cambodia tourism forum held

    The Cambodian tourism sector must be prepared to welcome a growing number of Chinese tourists, as they lead the globe in the number of outbound travellers and were responsible for the most visitors to the Kingdom last year, the country’s tourism minister said on