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Home >> China
UPDATED: 10:59, July 29, 2006
Cambodia hopes to strength financial cooperation with China
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Cambodian Prime Minister Hun Sen said on Friday that he hopes to strength financial cooperation with China to further promote Cambodia's social and economic development.

Hun Sen made the remarks during his meeting with visiting China Development Bank President Chen Yuan, who arrived here on Thursday for a four-day visit.

During the meeting, Hun and Chen exchanged views on financial issues of common concern. The premier also briefed Chen of six priorities in his country's development, which include irrigation system, infrastructure, electricity, human resources, export processing and tourism.

Chen Yuan said that his visit is to seek and promote more cooperation with Cambodia's financial institutes, adding that his bank is willing to cooperate with Cambodia on some large projects and to support investment on above priorities.

Chen also said China will be glad to support Cambodia on the project of construction of the railway linking Cambodia to some ASEAN member countries as well as China, and to offer more human resources training to promote Cambodia's economic development and reduce poverty.

Cambodian King Norodom Sihamoni received Chen and his delegation Friday morning. The King hopes that the Chinese government would promote Cambodia's development of agriculture.

A Memorandum of Understanding on cooperation of agriculture was signed on Friday between China Development Bank and Cambodian Agricultural Development Bank.

Source: Xinhua


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