China-Cambodia ties have received a boost from Chinese investments in Cambodia's new energy industry. The Cambodian Confederation of Investors Association hosted an event in Phnom Penh to welcome these new investments. Fu Xin-ri reports from Cambodia.
Delivering a speech at the ceremony, Cambodian Prime Minister Hun Manet emphasized his government's strong focus on foreign investments in Cambodia, especially in the private sector. He said Cambodia and China are engaged in close economic cooperation and promised that the Cambodian government will try its best to create a better business environment and solve problems, if any.
In recent years, several Chinese companies in the new energy technology and electric automobile sector – including the Huaneng Group, Great Wall, BYD and Midea – have started building infrastructure in Cambodia. The association is expected to better coordinate among ministries and enterprises to start this fresh phase of new energy investment.
HE DONG, President, ZM Trucks China "China-Cambodia trade relations have prospered in recent years. We chose to invest in new energy projects in Cambodia, including factories and charging equipment. We believe the investments will further improve China-Cambodia friendship, and initiate the upgrade of the Cambodian new energy industry."
For the Cambodian side, investment from China in the new energy field is being seen as an opportunity to benefit from the industrial development in China. It would also help Cambodian businesses, create employment opportunities and improve people's living conditions.
KUN THAI, General Chairman, Cambodia Confederation of Investors Association "We welcome the investment very much because it helps Cambodia's economic development. It creates more job opportunities for Cambodians and is also good for the environment.
The association is working actively with the Chinese new energy sector – to get more companies into Cambodia, and a wave of investment that will usher in positive changes. Fu Xinri, CGTN, Cambodia.