Xi: China backs stability and growth in Cambodia
to meet with the king, have talks with PrimeMinister Hun Sen and witness the signing of deals to boost cooperation in areas such as trade, investment and tourism.
China has been the biggest trade partner and investment source for Cambodia for three consecutive years, and bilateral trade reached $4.4 billion last year.
Jiang Jingkui, director of the Center of South Asian Studies at Peking University, said that the economies ofChina and Cambodia are highly complementary, and there is great potential for developing bilateral trade.
China is adjusting its economic structure, with some Chinese companies moving their factories to lower-cost Cambodia and Bangladesh, which could tighten economic links, he said.
Xiong Bo, China’s ambassador to Cambodia, said that as an important hub of transport in Southeast Asia, Cambodia held a key position on the ancient maritime Silk Road connecting East andWest.
The two countries will sign agreements implementing the China-proposed Belt and Road Initiative during Xi’s visit, he said. The initiative, comprising the Silk Road Economic Belt and 21st Century Maritime Silk Road, was put forward by Xi in 2013 with a focus on infrastructure.
China and Cambodia are building the Sihanoukville special economic zone in southwestern Cambodia as an example of collaboration under the initiative.
Cambodia also voiced support for China’s stance on the South China Sea issue in July after the ruling in an arbitration case unilaterally launched by former Philippine president Benigno Aquino III.
INDIA CHINA BANGLADESH CAMBODIA