Economists and local businessmen said the Cambodian economy would most likely feel the impact of any economic slowdown in China, on account of the novel coronavirus outbreak, which has now been declared a global health emergency.
Chinese stock markets crashed Monday morning, falling more than 8 percent, the first time the Shanghai stock exchange has seen such a drop in five years. The spiraling coronavirus outbreak has exposed deep concerns among investors about the potential economic fallout from the viral epidemic.
Mey Kalyan, member of the Supreme National Economic Council (SNEC), said that Cambodia would face a “medium” level impact from the viral outbreak, on account of the economy’s links to Chinese investors, who were intertwined with market forces in China.
