China and Cambodia Strengthen Economic Ties through Special Economic Zones

China and Cambodia have reaffirmed their commitment to enhancing economic cooperation, with a focus on the development of the Sihanoukville Special Economic Zone. This strategic partnership aims to strengthen industrial and supply chain cooperation in areas such as green and low-carbon development, the digital economy, infrastructure, and agriculture. The two nations have a long history of collaboration, with China being Cambodia's largest trading partner for 13 consecutive years and its largest source of foreign investment for 12 consecutive years.

Key Takeaways:

The Fourth Meeting of the Sihanoukville Special Economic Zone Coordination Committee and the First Meeting of the China-Cambodia Investment Cooperation Working Group were held in Sihanoukville, Cambodia, co-chaired by Ling Ji, Vice Minister of Commerce of China, and Xie Wudi, Secretary General of the Investment Committee of the Council for the Development of Cambodia.
China has been Cambodia's largest trading partner for 13 consecutive years and its largest source of foreign investment for 12 consecutive years, highlighting the depth of their economic relationship.
China is willing to strengthen industrial and supply chain cooperation in areas such as green and low-carbon development, the digital economy, infrastructure, and agriculture to support the high-quality development of the Sihanoukville Special Economic Zone.
Xie Wudi emphasized Cambodia's gratitude for China's selfless help and valuable support, and highlighted the nation's commitment to providing a favorable business environment for Chinese companies.
Cambodia hopes to strengthen cooperation in agricultural product processing and improving the localization level of production and supply chains to promote China-Cambodia economic and trade cooperation.
Both nations are committed to maintaining a multilateral trading system of fairness, justice, mutual benefit, and win-win results, highlighting their shared commitment to open and inclusive economic policies.

Statistics:

13 consecutive years of China serving as Cambodia's largest trading partner
12 consecutive years of China serving as Cambodia's largest source of foreign investment
2025 - The year President Xi Jinping visited Cambodia and emphasized the importance of bilateral economic cooperation
4 - The number of the Coordination Committee meeting held in Sihanoukville, Cambodia
1 - The number of the China-Cambodia Investment Cooperation Working Group meeting held in Sihanoukville, Cambodia

Sources:

Ministry of Commerce of the People's Republic of China
Press Release: July 10, 2021