Opportunities for Cambodian growth
China’s transition from export-led to domestic-led growth, combined with the rising costs of production, could provide opportunities for Cambodian growth and diversity, analysts say. Faisal Ahmed, the IMF representative for Cambodia, said the Kingdom was already experiencing an increase in trade activity as a result of China’s economic shift. “China’s rebalancing can boost demand of Cambodian exports of not only commodities but also labour-intensive manufacturing, in part supported by rising wages in China,” Ahmed said. … “In Cambodia, I expect the increased FDI inflows will build the capacity to support greater exports of higher value-added products, including garments, auto parts and electronics, in later years as the EU and US markets recover.” Hiroshi Suzuki, chief economist and CEO of the Business Research Institute for Cambodia, believes Chinese investment at a time of European and US slowdown has the potential to expand Cambodia’s trade partners. …
http://www.phnompenhpost.com/2013012560983/Business/opportunities-for-cambodian-growth.html
