China pledges $548 million in aid to ally Cambodia

10 April 2013
Reuters
Aid and development / Bilateral development assistance / Chinese aid / Development Assistance Committee (DAC) members / Economy and commerce / Non-DAC members / United States aid
aid / ASEAN / Association of Southeast Asian Nations / bridges / Cambodia Investment Board / Cham Prasidh / Chinese aid / Chinese investment / Grants / Hun Sen / Infrastructure / Irrigation Systems / Kith Meng / One-China Policy / Premier Li Keqiang / Prime Minister Hun Sen / roads / Royal Group of Companies / soft loans / South China Sea / Taiwan / United States aid / Wen Jiabao

China has pledged another $548 million in aid to Cambodia for infrastructure and irrigation systems, extending assistance that some critics say has bought it Cambodia’s diplomatic support. … Agreements covering $500 million in soft loans and $48 million in grants were signed when Prime Minister Hun Sen visited China and met Premier Li Keqiang over the weekend, Commerce Minister Cham Prasidh told a briefing on Wednesday. … Chinese investment in Cambodia has totaled $9.1 billion since 1994, including almost $1.2 billion in 2011, eight times more than the United States, according to the Cambodia Investment Board.

http://www.reuters.com/article/2013/04/10/us-cambodia-china-idUSBRE93909D20130410