Updated: 6th September, 2011
PHNOM PENH (Xinhua)- Cambodia has received $8.8 billion of investments from China from 1994 to July 2011, making China the leading country in the investments in the country, according to the reports from the Council for the Development of Cambodia (CDC) on Sept 6.
The report showed that besides China, South Korea, Europe, Malaysia and China's Taiwan are also leading investors in Cambodia.
From 1994 to July 2011, South Korea's investment in Cambodia was rated at second with $4 billion, European countries at third with $3.6 billion.
Also, Malaysia and China's Taiwan are at fourth and fifth places with $2.6 billion and $823 million respectively.
"China is the largest investor in Cambodia," Sok Chenda Sophea (pictured), the CDC's Secretary General, said on Sept 6. "Also, it' s the leading donor for infrastructure development in Cambodia."
China's investments in Cambodia are mainly in hydro-power dams, mineral resources, garment industry, banking and finance, tourism and agriculture.
The report also recorded that during the last 17 years, the United States' and Japan's investments in the country have been ranked 10th and 11th with $282 million and $148 million respectively.
4 comments:
come on now usa. can you top that?
The US is broke ! They have been living on the credit for so long now it caught up with them !. It is the same as EU.
They use credit to support their life style instead of saving.
Asian mentality is different, we use saving to support the life style. When we were poor, we act like one.
We never poop like the elephant !!!
US top on dropped boms.
China is unstoppable. America is becoming weaker day by day. All thanks to itself. Of course, America try to point fingers at China for that. The anti-Chinese propaganda machine has been working overtime to slow down China speeding train of progress. The big red dragon is waking up. Many nations are turning to China as trade partners. With 1.35 billions mouths, that's a lot of consumers. If Cambodia can tap into that Chinese market, Cambodia will benefit greatly. Rice export to China is a very good start for Cambodia. I see good time ahead between China and Cambodia. This is why America and Vietnam don't like it.
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