China to Help Accelerate Establishment of Economic Corridors in Cambodia

• Sommana Yan
• 17 February 2023
• Local News
• 4066 Views

China has pledged to help Cambodia establish two more major economic corridors, including the “Industrial Development Corridor with Sihanoukville as its centre” and the “Fish and Rice Corridor in the Northwest region”. 

HE Wang Wentian, Chinese Ambassador in Cambodia, said on 16 February that China is willing to provide assistance to build the two projects by deepening the connection between the “Belt and Road Initiative” and ” Rectangular Strategy “. 

He said that Sihanoukville, which will soon become a multi-functional economic zone, will be the centre of the “industrial development corridor”. (Read more)

China also announced the provision of 300 million yuan to support the establishment of the railway connecting Cambodia to China, Laos, and Thailand.  (Read more)

China would encourage more Chinese companies to invest in the western provinces and boost cooperation in key sectors such as energy, warehousing and logistics. 

China will also help Cambodia accelerate the achievement of agricultural modernisation while also helping to increase the number of farmers, boosting local incomes, and promoting more high-quality agrarian exports to China. (Read more)

HE Wang Wentian added that China’s Jiangsu province is a land of Chinese fish and rice, it has modern technology and high experience in modern agricultural development.  Thus, the Chinese Embassy in Cambodia will provide that know-how to Cambodia through knowledge sharing and expert training.  

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