Opposition urges China checks
Prime Minister Hun Sen has called investors from China’s Anhui province to invest in numerous sectors across Cambodia in an effort to spur two-way trade between the Kingdom and China in order accomplish their joint target of US$5 billion in trade by 2015. Meanwhile, Cambodia’s opposition party claims the government should perform strict checks before approving any investments that would impact on the economy and the people. Last week, Chinese-based Ruijin Investment Holding limited, from Hainan province in China, announced investments in three projects in rice farming, tourism and a cattle ranch, worth a total of $6.5 billion, while Shantui, from Shantong province and one of the largest manufacturers of heavy construction machinery, sought to invest in rice farming and rubber plantations in Kampong Cham province. … According to data from the Chinese embassy in Phnom Penh, bilateral trade between Cambodia and China reached $2.5 billion last year, up 73.5 per cent from a year earlier.
http://www.phnompenhpost.com/index.php/2012081758136/Business/opposition-urges-china-checks.html
