Cambodia leader says China to give $600m in grant aid

2019-01-22 22:50
Cambodia's Prime Minister Hun Sen. (Heng Sinith, AP, File)

Cambodia's Prime Minister Hun Sen. (Heng Sinith, AP, File)

Multimedia   ·   User Galleries   ·   News in Pictures Send us your pictures  ·  Send us your stories

Cambodian Prime Minister Hun Sen, making a four-day visit to China, says Beijing has agreed to provide his nation with nearly $600m in grant aid as part of a three-year assistance fund.

Hun Sen announced the aid from Cambodia's most important political and economic ally on his Facebook page on Tuesday before any announcement by Beijing. He said the commitment was made in a meeting with Chinese President Xi Jinping.

Hun Sen said the two countries also agreed to increase their bilateral trade to $10bn by 2023 and Xi promised to buy 400 000 tons of rice from Cambodia in 2019 and push more Chinese businesses to invest in Cambodia.

The agreements come as some Western countries are threatening to impose economic sanctions on Cambodia for repressing democratic rights.

KEEP UPDATED on the latest news by subscribing to our FREE newsletter.

- FOLLOW News24 on Twitter

Read more on:    china  |  cambodia

Inside News24

Traffic Alerts
There are new stories on the homepage. Click here to see them.


Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire network.