A Change of Guard

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Tuesday 5 April 2011

China to encourage more investors to Cambodia

Zhang Xiaoqiang (L) met Mr. Hun Sen.

People's Daily Online
April 05, 2011

The Chinese government will encourage Chinese banks to lend to Chinese investors wishing to do business in Cambodia, said Zhang Xiaoqiang, Vice Minister of the National Development and Reform Commission on Tuesday.

Zhang made the remarks during a meeting with Cambodian Prime Minister Hun Sen at the Peace Palace, the premier's spokesman Eang Sophalleth told reporters after the meeting.

Zhang said that his visit to Cambodia was to strengthen and expand cooperation between the two countries after the leaders of the two governments announced in December to raise the two countries' relations to the level of a comprehensive strategic partnership of cooperation.

He is to visit Chinese firms operating in Cambodia "in order to encourage them to continue and expand their investment to contribute to the development of Cambodia," Zhang told the premier.

Zhang highlighted that the bilateral trade between China and Cambodia was 1.4 billion U.S. dollars last year and would be more this year.

He also promised to urge Chinese companies to import more goods from Cambodia.

Meanwhile, Hun Sen asked China to consider importing agricultural products from Cambodia including rice, corn and cassava.

"Cambodia is full of agricultural potentials; this will be a good opportunity for Chinese investors to put their ventures in agricultural processing plants here," he said.

Source:Xinhua

9 comments:

Anonymous said...

China will be the world number one economy and military powerful...

Anonymous said...

China is mighty red dragon rising high...right now!

Anonymous said...

Which devil should Cambodia sell her soul to, a white devil(America and the west) or a yellow devil(China)? The red dragon is awaken from a deep sleep. China is becoming stronger everyday. With 1.4 billion people, China is the world most populace country on earth and the world biggest consumer of goods and products. If Cambodia can tap into China's emerging markets, Cambodia could have enormous economic benefit.

Just as those countries in Asia that sworn allegiance to the rich and powerful of the west such as America and Europe, they are enjoying the benefit of trade and military protection. At the rate China is growing, Cambodia will also positively effected by China in term of trade and possibly military protection.

Anonymous said...

好了瘡疤忘了疼,這是對大部份劫后餘生的柬埔寨華僑最恰當的寫照。中共在70年代扶植赤柬,而赤柬屠殺千万無辜的華僑,可悲的是他們都死在中共制造的炮槍下。難道那些死裡逃生的華僑對這筆血淚債都忘了嗎?我想他們不是忘了的,而是他們都一廂情願想當中共政治的走狗罷了。
金邊人
Sorry, only for those who can read Chinese.

Anonymous said...

Here is a Google Chinese to English translation at 9:42 PM.

"Well, forget the pain scar, which is most of the survivors of the most appropriate reflection of overseas Chinese in Cambodia. Communist Khmer Rouge in the 70's support, while the Khmer Rouge slaughtered millions of innocent Chinese, sadly, they all died in the Communist-made artillery gun. Is this the Overseas Chinese who survived the debt of blood and tears have forgotten it? I think they are not forgotten, but they are political lackeys of the Chinese Communists want to be wishful thinking, nothing more.
Phnom Penh people".

Anonymous said...

High educations, Strong economy, Powerful military, these thing will make CHINA rise to the TOP!

Anonymous said...

USA owed China lots lots of money today...I'm afraid China will be the world top economy and powerful miliatry... Yes!

Anonymous said...

Google's translation really sucks!
It misinterprets all my remarks.

Anonymous said...

4:03 AM, if you don't trust Google translation, then next time translate it yourselves so your comment won't be misunderstood.