China gives $600 million aid to ally Cambodia

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PHNOM PENH: Cambodia’s prime minister has announced that China will give his government nearly $600 million in aid to support the country’s election infrastructure, education and health.

In a statement Friday, Prime Minister Hun Sen said the aid was finalized after he met with his Chinese counterpart Li Keqiang at an Asia-Europe meeting in Mongolia.

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Image courtesy: economictimes.indiatimes.com

China is a key ally and economic partner of impoverished Cambodia. It has provided millions of dollars in aid and investment over the past decade, granted it tariff-free status on hundreds of trade items and written off its debt.

In return, Cambodia supports China in international forums, including in Beijing’s ongoing dispute with other Southeast Asian countries in the South China sea.

(Sourced from agencies, Feature image courtesy:editorial.combodia.org)

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