China promises Cambodia $600 million aid at PM visit

China has promised four billion yuan ($588 million) in aid to Cambodia, the Southeast Asian country's Prime Minister Hun Sen said Tuesday on a visit to Beijing.

The largest investor in Cambodia, China has pumped billions of yuan into the economy and has written off debt while sweeping aside questions about Phnom Penh's abysmal rights record.

The four billion yuan grant will run from 2019 to 2021, Hun Sen said in a post on his official Facebook page, accompanied by pictures of his meeting with Chinese President Xi Jinping from the day before.

Xi has also pledged to import 400,000 tonnes of rice from Cambodia this year, increase bilateral trade to $10 billion by 2023 and encourage more Chinese investment into the country, the prime minister's post said.

The pledge comes just days after the European Union resumed tariffs on rice imports from Cambodia, following intensive lobbying by Italy, who said cheap imports were damaging its farmers.

On Tuesday, Hun Sen was welcomed at the cavernous Great Hall of The People by Premier Li Keqiang as part of his three-day visit.

The two witnessed the signing of six agreements, including on increasing cooperation on the Belt and Road Initiative and Cambodia's southwestern seaport of Sihanoukville.

Hun Sen's visit comes amid speculation Beijing is seeking support to build a naval base off the Cambodian coast, claims the premier has vehemently denied.

Three Chinese warships stopped at Sihanoukville port earlier this month for a four-day visit, Cambodian defence ministry spokesman Chhum Socheat told AFP.

China has had a long and volatile relationship with its Southeast Asian neighbour. After backing the Khmer Rouge, it fell out of favour when the Pol Pot regime was deposed.

Ties have been revived in the past decade under the government of Hun Sen, who marked 34 years in power just over a week ago.

Bilateral trade reached $4.69 billion from January to August 2018, up 23.8 percent year-on-year, China's Ministry of Commerce said in November.

prw-el/tom/fa

Facebook

Related Links
Learn about the Superpowers of the 21st Century at SpaceWar.com
Learn about nuclear weapons doctrine and defense at SpaceWar.com

Tweet

Thanks for being there;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.

SpaceDaily Monthly Supporter
$5+ Billed Monthly

paypal only

SpaceDaily Contributor
$5 Billed Once

credit card or paypal

NATO, Russia to hold talks amid missile treaty crisis
Brussels (AFP) Jan 21, 2019
NATO and Russian officials will hold talks this week, the alliance said Monday, with the future of a key Cold War era arms treaty hanging by a thread. Diplomats said the Intermediate Nuclear Forces (INF) treaty will be on the agenda for Friday's meeting of the NATO-Russia Council, which is also expected to cover the crisis in Ukraine. The US has given Moscow until February 2 to dismantle a new cruise missile system that Washington and its 28 NATO allies say breaches the landmark 1987 accord. ... read more