China pledges $548 million in aid to ally Cambodia

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.