ChinaLawBlog.com
Co-bloogger Steve Dickinson just returned from a business trip to Cambodia. As China's costs rise, American and European companies are beginning to turn to Vietnam, and to a lesser extent, Cambodia, and even Laos, for their manufacturing outsourcing. This post focuses on Steve's time in Cambodia, and, specifically on its growing relationship with China.
By Steve Dickinson
I just returned from Cambodia. On this trip, I stayed in Phnom Penh and explored the city carefully for the first time. There are a number of notable changes from the last time I was there, about a year and a half ago:
• The Cambodian government has worked hard to develop the riverfront area. Though the rest of the city remains in a state of remarkable disrepair, the parks and riverfront along the Mekong and Tonle Sap have been entirely modernized. The locals have taken to the modern park-like atmosphere and have made the waterfront a local hang-out, especially on mornings and weekends. This is in marked contrast to the old days, where the riverfront was mostly relegated to tourists.
• Most of the current development seems to be highly dependent on Chinese (Hong Kong/Mainland/Singapore) investment. The visible, modern developments in Phnom Penh all seem to be based on Chinese money. The locals even claim that their new parliament building and prime minister’s office were funded by the Chinese. On a larger scale, the Chinese and Cambodian governments on November 4 announced that China had agreed to invest $USD1.6 billion on infrastructure projects in Cambodia over the next five years.
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• The Cambodian government has worked hard to develop the riverfront area. Though the rest of the city remains in a state of remarkable disrepair, the parks and riverfront along the Mekong and Tonle Sap have been entirely modernized. The locals have taken to the modern park-like atmosphere and have made the waterfront a local hang-out, especially on mornings and weekends. This is in marked contrast to the old days, where the riverfront was mostly relegated to tourists.
• Most of the current development seems to be highly dependent on Chinese (Hong Kong/Mainland/Singapore) investment. The visible, modern developments in Phnom Penh all seem to be based on Chinese money. The locals even claim that their new parliament building and prime minister’s office were funded by the Chinese. On a larger scale, the Chinese and Cambodian governments on November 4 announced that China had agreed to invest $USD1.6 billion on infrastructure projects in Cambodia over the next five years.
Please click here to read more...
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