Chinese investment in Cambodia is bringing Phnom Penh closer to Beijing – and further from the EU

//Chinese investment in Cambodia is bringing Phnom Penh closer to Beijing – and further from the EU

Chinese investment in Cambodia is bringing Phnom Penh closer to Beijing – and further from the EU

Beijing’s pledge of US$90 million in support of Cambodia’s defence sector was among at least nine deals the Southeast Asian nation signed with China last week during the second Belt and Road Forum.The deals reaffirmed Phnom Penh’s close ties with the superpower, moving it further away from its major development partner, the European Union.Besides the defence funding, China agreed to up its imports of rice from 300,000 tonnes to 400,000 tonnes, and announced plans to launch a second phase of…

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By | 2019-05-01T10:16:56+00:00 May 1st, 2019|Headlines|Comments Off on Chinese investment in Cambodia is bringing Phnom Penh closer to Beijing – and further from the EU