China and Cambodia seal free-trade deal, funding for ‘priority’ projects

Beijing offers US$140 million in loans and grants for series of infrastructure schemes, including undersea cable link to Hong Kong.

China has signed a free-trade deal with Cambodia and pledged US$140 million for the Southeast Asian country’s “top priority projects”.

Chinese Foreign Minister Wang Yi and Cambodian Prime Minister Hun Sen oversaw the signing of the agreements in Phnom Penh on Monday at the end of Wang’s two-day trip to the country.

China has promised other agreements with Cambodia, which is largely seen as one of China’s closest allies in the 10-member Association of Southeast Asian Nations.

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