March 31st, 2010
Source: Deutsche Welle
In the past few years, China has become the largest foreign investor in Cambodia, with more than six billion US dollars (4.5 billion euros) approved since 2006. Beijing is also a generous donor, having granted around two billion dollars in aid over the same period.
China is the kind of friend Cambodia’s Prime Minister Hun Sen openly appreciates, since its money comes with no human rights or governance strings attached – unlike that of other donor countries, which gave hundreds of millions of dollars to the Cambodian government last year.
But as China and much-smaller Cambodia draw closer – at least financially – some are questioning what Phnom Penh might be getting into.
Good governance, transparency and environment at risk
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