China is considering importing more Cambodian agricultural products following recent agreements to import mangoes and bananas, said Li Jianwei, the director-general of the Animal and Plant division of China’s General Administration of Quality Supervision, Inspection and Quarantine.
The priority for agriculture development in Cambodia seems to be low compared to other sectors such as the tourism and the garments, said an Asian Development Bank (ADB) Independent Evaluation Report.
Cambodia is considering the opportunity to invest in China’s silk sector. Although China is a major supplier of silk, its production is on the decline, said Royal University of Phnom Penh (RUPP) Board of Directors chairman Mey Kalyan.
Prime Minister Hun Sen announced on Monday that by next year, Cambodia will not face a shortage of electricity supply. The Kingdom has reserved 400MW from two large power generators.
Cambodian exports to the US have seen a strong expansion this year, surpassing $1 billion in the first quarter for the first time, thanks largely to a boost in travel goods exports.
Cambodia is currently among the fastest electrifying countries in the world, with coverage reaching 89.1 per cent as of the end of 2017, a newly published World Bank report says.
Chinese state-owned iron and steel company China Baowu Steel Group Corp Ltd has unveiled plans to relocate its blast furnaces from Xinjiang Autonomous Region in the northwest of China to Cambodia, which will be the first overseas Baowu production plant, a Reuters report on Wednesday said.
Malaysia-based poultry producer Leong Hup International Bhd unveiled its plans to set up operations in Cambodia, where it already exports chicks and chicken feed, after successfully raising $247 million from its initial public offering (IPO) on the Malaysian stock exchange.