China has not approved any loans to Cambodia this year, Cambodian finance ministry data for the first three quarters of 2024 shows, even though it has been Cambodia’s top creditor country in recent years.
The collapse in funding may signal China’s more cautious approach to investment in Cambodia after a series of so-far unsuccessful infrastructure projects in the Southeast Asian country.
China accounts for more than a third of the country’s $11.6 billion debt stock, Cambodian government data shows.
