Investment by China Doubles In First Half
Cambodia approved $1.2 billion in investments from China in the first six months of the year, a 104 percent increase in the amount of Chinese money set to flood into the economy compared to the same period last year, the Cambodian Investment Board said. The amount of investment pledged makes China the country’s largest foreign investor by far, with Chinese firms accounting for 40 percent of all investment projects authorized by the Cambodian government between January and June. According to the latest Cambodian Invetment Board report, the $1.09 billion of approved Chinese investments between January and June was concentrated in infrastructure projects, while $125.6 million was directed toward industrial and manufacturing projects.
