Logo of Phnom Penh Post newspaper Phnom Penh Post - See-no-evil China by far biggest investor

See-no-evil China by far biggest investor

See-no-evil China by far biggest investor

S tate-owned and private Chinese companies invested more than $450 million in Cambodia's economy last year. The figure signals a 460 percent increase from 2004 and makes China by far Cambodia's top foreign investor, according to a Los Angeles Times report. According to the report, the US's contribution stands at $62 million. "China has proven different from other donors. They don't impose conditions," said Minister of Commerce Cham Prasidh. "Others say, 'You have to do this with human rights, you have to do that with democratic reforms.' China doesn't do that."

MOST VIEWED

  • Negotiations on EBA being held

    In an effort to defuse tensions, a senior government official said Cambodia is negotiating with the European Union (EU) on the Everything But Arms (EBA) trade deal, which allows the Kingdom to export goods to the 28-member bloc tariff-free. The EU notified Cambodia on October 5

  • Ministers to tackle sea pollutants

    Preah Sihanouk provincial authorities and members of local communities have collected 77 tonnes of water hyacinth at a Sihanoukville beach, Preah Sihanouk Provincial Hall spokesperson Or Saroeun said. He told The Post yesterday that the aquatic weeds had been floating along some of the province’s

  • Chinese police escort deported scam suspects

    Ninety-one Chinese nationals accused of extorting money from victims in a Voice over Internet Protocol (VoIP) scam were deported from Phnom Penh International Airport on Monday under the escort of 182 Chinese police personnel. General Department of Immigration head of investigations Ouk Hay Seila told reporters

  • EU officials: Ending EBA an 18-month procedure

    EU officials have confirmed that it will take a total of 18 months to complete the procedure if Cambodia’s preferential Everything But Arms (EBA) trade agreement is to be withdrawn. According to EU Agriculture and Rural Development spokesman Daniel Rosario, the formal process has not