Logo of Phnom Penh Post newspaper Phnom Penh Post - Cambodia expecting influx of Chinese investment

Cambodia expecting influx of Chinese investment

Xi Jinping, president of China and the Communist Party, and Prime Minister Hun Sen shake hands in October last year at the Peace Palace in Phnom Penh.
Xi Jinping, president of China and the Communist Party, and Prime Minister Hun Sen shake hands in October last year at the Peace Palace in Phnom Penh. Hong Menea

Cambodia expecting influx of Chinese investment

Cambodia should expect a massive influx of Chinese investment and development assistance given its geopolitical importance to Beijing and its favoured status under China’s “One Belt, One Road” initiative, policymakers claimed yesterday.

Speaking at a seminar yesterday meant to bolster Cambodia’s status within China’s grand economic policy, Guoyou Song, executive director at the Shanghai-based Asia-Pacific Research Center, said that China is the Kingdom’s most important strategic and economic partner.

He added that with China’s rise as a regional – and global – power player, the strong political ties between the two nations would continue to breed better economic relations for generations to come.

“Cambodia has a lot of advantages to attract Chinese foreign direct investment in regards to the One Belt, One Road initiative,” he said, adding that as Cambodia develops, China is primed to pump in more financing for development.

“China, nowadays, is willing to provide funds to other countries in multiple ways,” he said. “So, it will be good for the Cambodian economy.”

China is Cambodia’s main source for foreign direct investment, with $19.2 billion invested into the Kingdom between 1994 and 2014, according to a survey released by the National Bank of Cambodia and the National Institute of Statistics last year.

Cambodian People’s Party spokesman Suos Yara said yesterday that trade relations between the two countries have grown strong over the last 10 years, with an annual trade growth rate of 26 percent. In 2016, bilateral trade of the two countries accounted at $4.8 billion, he added.

“These are the benefits Cambodia has received from China’s One Belt, One Road initiative,” he said.


  • Cambodia maintains 'Kun Khmer' stance despite Thailand’s boycott threat

    Cambodia has taken the position that it will use the term "Kun Khmer" to refer to the sport of kickboxing at the upcoming Southeast Asian (SEA) Games, and has removed the term Muay from all references to the sport. Despite strong reactions from the Thai

  • Artificial insemination takes herd from 7 to 700

    Some farms breed local cows or even import bulls from a broad for the purpose of breeding heavier livestock for meat production. One Tbong Khnum farmer has found a more efficient way. Hout Leang employs artificial insemination to fertilise local cows. Thanks to imported “straws”

  • Chinese group tours return to Cambodia starting Feb 6

    Cambodia is among 20 countries selected by Beijing for a pilot programme allowing travel agencies to provide international group tours as well as flight and hotel packages to Chinese citizens, following a three-year ban. As the days tick down until the programme kicks off on February 6,

  • Capital-Poipet express rail project making headway

    The preliminary results of a feasibility study to upgrade the Phnom Penh-Poipet railway into Cambodia’s first express railway indicate that the project would cost more than $4 billion and would take around four years to complete. The study was carried out by China Road and

  • Thai boxers to join SEA Games’ Kun Khmer event

    The Cambodian SEA Games Organising Committee (CAMSOC) – together with the Kun Khmer International Federation (KKIF) and Khmer Boxing Federation – have achieved a “great success” by including Kun Khmer in the upcoming biennial multi-sports event on its home soil for the first time, said a senior

  • Bullets to bracelets: Siem Reap man makes waste from war wearable

    Jewellery is often made from valuable gemstones like emeralds or diamonds and precious metals like gold or silver, or valueless things like animal horns. But a man in Siem Reap has approached the manufacture of delicate pieces from a different angle. His unique form of