How does China support Cambodia's digital transformation?

China also supports Cambodia’s digital transformation by investing in education and vocational training. The involvement of BYD, a leading Chinese electric vehicle (EV) manufacturer, in setting up an EV assembly plant in Cambodia is another key initiative.

How did China-Cambodia Trade perform in 2024?

Between January and November 2024, China-Cambodia trade soared by 24 percent compared to the same period in 2023, reaching nearly US$14 billion. GDCE data indicates that Cambodian exports to China totaled US$1.6 billion (+ 22.3 percent), while Cambodian imports from China amounted to US$12.15 billion (+ 24.5 percent).

Why is China partnering with Cambodia?

With bilateral trade between Cambodia and China projected to reach US$15 billion by 2025, the growing importance of this partnership underscores its vital role in Cambodia’s economy. In addition to bolstering agriculture, developing a skilled workforce is essential for attracting more investment.

Does China support Cambodia?

China’s ongoing support remains vital to Cambodia’s socio-economic development and poverty reduction. As these ties deepen, Cambodia and China are on track to build a high-quality, high-level, and high-standard China-Cambodia community with a shared future.

Why are Chinese companies moving to Cambodia?

These tensions have encouraged Chinese companies to relocate their investments from China to nearby countries including Cambodia, leveraging Cambodia’s preferential tariffs for US exports, while reinforcing Cambodia’s position as a key beneficiary of China’s economic policies.

What is China-Cambodia Economic Partnership?

The China-Cambodia economic partnership is experiencing significant growth, driven by robust trade, strategic investments, and emerging opportunities. This collaboration is not only enhancing bilateral economic ties but also paving the way for sustainable development and mutual prosperity.