BUSINESS

Sihanoukville pays the price for heavy reliance on Chinese

Asia focus, Published on 09/05/2022

» For several years now, Cambodia has been receiving billions of dollars in Chinese investment as part of China's Belt & Road initiative (BRI). Between 2013 and 2017, Beijing invested US$5.3 billion in the Southeast Asian country. Between 2016 and 2019, the two countries signed 65 cooperation agreements to finance infrastructure projects such as seaports, highways, airports, power stations and even an oil refinery.