Xi: China backs sta­bil­ity and growth in Cam­bo­dia

China Daily (Canada) - - TOP NEWS -

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.

De­parts Bei­jing for Phnom Penh, Cam­bo­dia Meets with King Norodom Si­ha­moni Mon­day Saturday Vis­its Queen Mother Monineath Holds talks with Prime Min­is­ter Hun Sen Friday Thurs­day De­parts Phnom Penh for Dhaka, Bangladesh Meets with Pres­i­dent Ab­dul Hamid a

IN­DIA CHINA BANGLADESH CAM­BO­DIA

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