China, Cambodia hold exhibition on economic, trade cooperation

PHNOM PENH, June 27 (Xinhua) -- China and Cambodia jointly launched here Friday an exhibition on the achievements of economic and trade cooperation between the two countries.

The exhibition, Exhibition of Economic and Trade Cooperation Achievements in Celebration of the 50th Anniversary of China-Cambodia Diplomatic Ties, which will last for three days.

Co-organized by the Chinese embassy in Cambodia, the Cambodian Ministry of Commerce and the Council for the Development of Cambodia (CDC), this exhibition will show the economic and trade cooperation achievements between China and Cambodia at both governmental and non-governmental levels, Cambodian Commerce Minister Cham Prasidh said at the opening ceremony of the exhibition.

The Chinese government and people have provided a lot of aids and preferential loans to Cambodia for its economic and social developments, especially for its infrastructure construction, said Hor Nam Hong, Cambodian Deputy Prime Minister and Foreign Minister.

China has provided Cambodia with 118 aid projects in the past 15 years, including the office buildings of Cambodian Senate, the National Assembly and the Royal Government and the No. 7 National Road, said Chinese Ambassador to Cambodia Zhang Jinfeng.

The trade volume between China and Cambodia increased sharply from 12.95 million U.S. dollars in 1992 to 933 million U.S. dollars in 2007, according to the preface of the exhibition.

So far, China has invested 1.76 billion U.S. dollars to Cambodia, becoming the second largest source of Cambodia's Foreign Direct Investment (FDI), it said.

China and Cambodia established the diplomatic relationship on July 19, 1958.

Editor: Wang Hongjiang