Don Weinland
Phnom Penh Post
Cambodia has granted Chinese timber company Shengda Wood a 22,600-hectare timber concession in Kratie and Strung Treng provinces, officials said.
The Shenzhen Stock Exchange-listed company would export wood from the 70-year concession to supply a depleted market in China, Li Jie, a management official in Sichuan, told the Post, although he declined to disclose the price of the concession.
Despite China’s austerity measures aimed at reining in its overheated real estate market, Shengda chairman Jiang Changzheng said concessions abroad would play an important role in fuell-ing the country’s domestic market.
“Domestic demand [in China] has only just now been ignited. Although real estate is facing short-term government control, it still has great potential for solid demand,” he said last week in an interview with Securities Times.
The company would do some value-added processing on its wood products in Cambodia, which was expected to create local jobs, Li Jie said.
Final processing will be done in Shanghai, and finished wood will sell for at least US$1,600 a cubic metre, according to Securities Times.
Gao Hua, president of the Chinese Chamber of Commerce in Phnom Penh, said Shengda was one of several Chinese companies to recently receive land concessions in Cambodia.
Thinning resources at home did not completely account for the number of incoming companies, Gao Hua said, nor did the much lower capital required for such ventures in Cambodia.
Preferable climate and business conditions attracted Chinese investors in search of land concessions, he said.
According to a company announcement, Shengda acquired three concessions totalling 22,600 hectares. Two concessions are in Kratie province’s Sambo district, and one is in the Se San district of Strung Treng province.
All three concessions previously belonged to Chinese nationals, according to the Ministry of Agriculture, Forestry and Fisheries’ website.
7 comments:
Sell all the lands and forests to foreigh companies unti Cambodia will become a desert. Bravo!
Chinese business, you give 1 then take 3 back. Did we learn anything when dealing with the Chinese. How many millionair in Cambodia are Chinese? How many are Khmer? US is the only hope for Khmer true prosperity.
yeah right they will hire local workers... they have 3 bil. plus people that come to urinate the platations and turn Cambodia into another Singapore.
1:29 AM, I totally agree with you. Everything China gave is not free. It built one road and one bridge for Cambodia, then take back thousand of hectares of free forest. On top, it gave Cambodia $7 billion in debts, but I don't blame China for this, but I totally blame Hun Sen for borrowing irresponsibly.
Only Stupid politician believe Foreign Aids including Chinese Aids are unconditional.Open your eyes!
The smart politicians must apply the real Win-Win strategy,not the "Hun Sen's Win-Win Strategy".
All stuff that Chinese government were gave or donated to Cambodia are junk after the Chinese folks used. They are so selfish!
Why trusted China which is a Communist Country?
China is a player and cheater when they asked for the U.S. and Europeans to help build and give the technology, then they try to compete with the U.S. and Europeans or Westerners by manipulated. I would say, "Wow" and what a betrayal!
Just look at the Chinese in Cambodia; you don't have to look very far. They look down at black Cambodian and treated them like dirt. I visited Cambodia many times, little black Cambodian kids selling flowers, foods, soveniar on the street while Chinese Cambodian children drive around with lexus, playing iphone, eating good foods. America is the truely hope for Cambodia to ever find real democracy. I would rather turn Cambodia into USA protection. What is the process to apply Cambodia to become US state? Look at other countries that became US states, they are much more prosperous than any other nations. Cambodian can only be saved if we turn into one of the US state. Call me a sell out but this is the only choice.
Tuk Tuk Driver
Post a Comment