Cambodia welcomes more Chinese investment: PM

via CAAI

December 17, 2010

Cambodia welcomes more investment from east China's Jiangsu Province, Prime Minister Hun Sen said Thursday.

Hun Sen, who is paying a five-day visit in China, made the remarks when meeting with Luo Zhijun, secretary of the Jiangsu Provincial Committee of the Communist Party of China (CPC), in Nanjing, provincial capital of Jiangsu.

As an economic power of China, Jiangsu Province has made great contribution in getting China out of the global financial crisis. Cambodia has benefited from the fast development of Chinese economy including that of Jiangsu Province, Hun Sen said.

Hongdou Group Co., Ltd., a Jiangsu-based enterprise in clothing, tire, biological pharmacy and real estate, is building an industrial park in Sihanoukville Province, southern Cambodia, Hun Sen said.

Hun Sen hoped that he hoped both parties could work together to develop the industrial park.

Luo, for his part, appreciated the great efforts and contribution Hun Sen has made in promoting the friendly communication, bilateral exchanges and cooperation between China and Cambodia.

Luo said he believed that the prime minister's visit would enhance the mutual understanding, promote pragmatic cooperation and establish a win-win relationship between the two countries.

Jiangsu Province maintains close and friendly communication with Cambodia. The province's Wuxi City is sister city to Cambodia's Sihanoukville City. Many enterprises in Jiangsu Province have invested in Cambodia, Luo said.

We are willing to enhance the communication and cooperation with Cambodia in a variety of areas, Luo said.

Luo also introduced basic information of Jiangsu Province to Hun Sen. With a long history, well-developed science and education and comprehensive industry sectors, Jiangsu's economy has ranked high among the provinces in China, Luo said.

Currently, the province's aggregate economic volume accounts for 10 percent of that of China, with a GDP per capita of 7,000 U.S. dollars. Its foreign investment ranks number one in China, accounting for around 30 percent of the total of China. Its imports and Exports ranks number two in China.

Hun Sen arrived in Beijing on Monday to start his official visit to China, during which he also visited north China's coastal municipality of Tianjin.

Source:Xinhua