China giant looks to Kingdom

Shandong Shantui, a Chinese firm and one of the largest manufacturers of heavy construction machinery and largest producer of bulldozers has expressed an interest in investing in Cambodia’s agricultural sectors. General Manager Cheng Zhaohong met with Cambodia’s National Assembly President Heng Samrin yesterday morning to present the company’s interests to the government, Kaom Kosal, adviser to Heng Samrin said. … Cheng said the firm’s decision to expand its business to Cambodia is a result of the room for growth it sees in the construction and agriculture sectors. Samrin said that the presence of Shantui Company in Cambodia reflected Chinese investors’ trust in Cambodia’s political stability and favourable business environment, while highlighting China’s continual interest in the Southeast Asia region. … Both governments pledged to more than double bilateral trade, increasing it from US$2.5 billion at the end of 2011, according to data from the Chinese Embassy in Phnom Penh, to $7 billion by 2015. …

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