China’s Dominance and Money Slowly Devouring Cambodia

Cambodia has seen a huge influx of Chinese investment, workers and tourists in recent years. Many in Cambodia are increasingly worried about the negative impact it is having.

Since 1996 Cambodia’s Prime Minister Hun Sen’s and the Chinese Communist Party have grown only stronger. Political interdependencies have emerged alongside the influx of Chinese investments, businesses and economic migrants.

The majority of Cambodia’s garment factories, which account for more than three quarters of total exports, are owned and managed by Chinese. China is the biggest investor in Cambodia, adding nearly US$5.3 billion to the economy between 2013 and 2017.

Officials hope that annual bilateral trade between the two countries will reach US$10 billion in 2023.

In full: https://www.chiangraitimes.com/thailand-national-news/news-asia/chinas-dominance-and-money-slowly-devouring-cambodia/

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