Cambodia is an important leg in XIS Regional Tour, with half or companies that are exported to the United States.
Cambodia expects to prop up more financial support from China as President Xi Jinping arrives at Phnom Penh in an effort to strengthen regional commercial ties to compensate for the effect of steep US tariffs.
As part of a three -pointed tour of Southeast Asia, which included Vietnam and Malaysia, XI on Thursday gathers with King Norodom Sihamoni de Cambodia, Prime Minister, his Manet and the president of the Senate, his Sen.
“We expect more cooperation, even in the development of infrastructure,” said Reuters Reuters News Agency on the eve of the arrival of Medsensan, spokesman for the Ministry of Economy and Finance of Cambodia.
He was answering a question about whether Cambodia expected Beijing to announce financial support for the 180 km (110 mile) Funan Channel, the country’s most ambitious infrastructure project.
Phnom Penh is a nearby partner of China, who has invested billions of dollars in several projects, including roads and airports, and is the largest creditor in the country.
“The Trump administration is trying very clearly to isolate Beijing, and Beijing’s response is here to extend his weapons to his Asian neighbors,” said Katrina Yu de Al Jazeera, speaking from the Chinese capital.
Yu added that XI received the warmest support in Cambodia on his tour because the two are “friends Ironclad”, with deep military ties in addition to infrastructure investments.
Meanwhile, Cambodia is a great exhibition of clothing and footwear for the United States, with half or these companies owned by Chinese business owners, Yu explained.
Phnom Penh was slapped with a tariff rate of USA. Uu. O 49 percent, one of the highest worldwide, before most duties stopped until July.
“[Cambodia] He will try to negotiate that [tariff rate] Down, and Xi Jinping wants to remind you that, here we are friends, and we do not want to reduce any offer at the expense of Beijing, “Yu said.
In an article published on Thursday morning in the media of Cambodia, XI urged Phnom Penh to oppose “hegemonism” and “protectionism”, repeating messages he sent earlier this week to Vietnam and Malaysia in the first two legs of his trip.
‘Fundamental role’
China is the largest commercial partner of Cambodia and investment source, and more than a third of the $ 11 billion of changes in foreign debt are granted to China, according to the International Monetary Fund.
Until now, China has not made any public financial commitment to the Cambodian channel project, while Phnom Penh has changed its statements on Chinese participation to cover 100 percent to 49 percent of the total costs, estimated at $ 1.7 billion.
Beijing did not sign new loans for Cambodia last year, according to the official Data of Cambodia, a marked contrast with previous years when he lent to the country hundreds of millions of dollars.
The fall in financing occurred as China reduced general investments abroad in the midst of national economic problems and concerns about failed projects.
Despite this, his malet, in a video published on Wednesday, said that the two countries had “common interests based on the principles of respect for sovereignty, equality and non -interference in internal affairs.”
Hey also said that China had played a “fundamental role” in the sociuconomic development of Cambodia.