Compass Real Estate > Cambodia Real Estate Information > Chnia announce $ 600 million in grant aid to Cambodia for three years

Chnia announce $ 600 million in grant aid to Cambodia for three years

Summary:As the West plans to withdraw the tax preferential system from Cambodia, President Xi Jinping has announced that it will grant 4 billion yuan (nearly $600 million ) to Cambodia for three years from 2019 to 2021 .


In a meeting with Samdech Techo Hun Sen, Prime Minister of Cambodia on 21 January 2019, the Chinese President stressed that the relationship between China and Cambodia was very special when compared to other countries. Other countries, the relationship between the two countries, are very good for each other, he said The relations between Samdech Techo and the Cambodian People's Party (CPP) with the Chinese leadership are considered to be highest in comparison with other countries, and President Xi Jinping said China and Cambodia would continue to co-operate. They plan to cooperate in all fields, including politics, security, economics, and people. A warm welcome to Samdech, who will attend the second summit on a one-way street in China in the near future. In response, Samdech Techo Prime Minister said he was very pleased Returning to the official visit again in China. He also thanked the Chinese government and people, who have always welcomed the presence of the King and King-Father Norodom Sihanouk, King of Cambodia, to visit China for medical examination and visit State visit also.


Samdech Techo also raised some issues on the relationship between the two countries, in which Prime Minister Hun Sen informed the President of China about the situation in Cambodia, especially after elections, government reform programs, and the prevention of interference He also highlighted the establishment of the Supreme Council of Consultation With 19 parties participating. In the meeting, Samdech Techo Hun Sen asked the president of China to push Chinese investors to invest and develop Cambodia, especially the establishment of new factories. During the discussion, Chinese President Xi Jinping made the official visit to Japan. Of Samdech Techo to China now is very valuable for the relationship of the country The two high. He also highlighted the 60th anniversary of diplomatic relations the two countries. He and his Majesty the King of the Kingdom of Cambodia and His Majesty the King of Cambodia have been invited to participate in the traditional program in China. He added that a one-way belt initiative will continue to strengthen and expand cooperation. With countries in a belt framework, one road in which both parties will continue to work Districts in expanding cooperation in the regional and international levels.


He said that even though international relations are changing now, the relationship between China and Cambodia has really good with each other, so China will continue to enhance cooperation with Cambodia. The contribution to Cambodia's development has been strengthened, he stressed, adding that Cambodia would benefit from the Further success in the last 60 years. As a good neighbor, China supports Samdech Techo and the Cambodian People's Party, which has won a landslide victory from the general election in July 2018. Samdech Techo Hun Sen proposed to continue the bilateral mechanism He will join the second round of a road belt at the end of April 2019. Samdech Techo Hun Sen The year 2019 is the year of cultural exchange and the year of tourism exchange between the two countries. Samdech Techo Hun Sen also asked the Chinese president to allow the two countries to have a free-trade agreement, because both countries Comprehensive strategic partnership has been in place since 2010.

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