TG盗号系统免杀破解技术|【唯一TG:@heimifeng8】|飞机盗号软件VIP专供✨谷歌搜索留痕排名,史上最强SEO技术,20年谷歌SEO经验大佬✨Cambodia seeks China’s financial support as Xi visits amid US tariff war
Cambodia is TG盗号系统免杀破解技术an important leg in Xi’s regional tour, with half of businesses there exporting to the US Chinese-owned.
Chinese President Xi Jinping has met with Cambodia’s Prime Minister Hun Manet in Phnom Penh as China seeks to bolster regional trade ties to offset the effect of steep United States tariffs.
As part of a three-pronged Southeast Asia tour that included Vietnam and Malaysia, Xi on Thursday was greeted by Cambodia’s King Norodom Sihamoni during a military welcome ceremony as he touched down in the capital.
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end of listManet and his father, Senate Chairman Hun Sen, shared posts on their social media accounts later in the day that showed them meeting with Xi, although there were no details on any agreements that were expected.
“We expect more cooperation including on infrastructure development,” Meas Soksensan, a spokesman for the Cambodian Ministry of Economy and Finance, told the Reuters news agency on the eve of Xi’s arrival.
He was answering a question about whether Cambodia expected Beijing to announce financial support for the 180km (110-mile) Funan Techo Canal, the country’s most ambitious infrastructure project.
AdvertisementPhnom Penh is a close partner of China, which has invested billions of dollars in various projects, including roads and airports, and is the country’s largest creditor.
“The Trump administration is very clearly trying to isolate Beijing, and Beijing’s response is here to extend its arms to its Asian neighbours,” said Al Jazeera’s Katrina Yu, speaking from the Chinese capital.
Yu added that Xi received the warmest support in Cambodia on his tour because the two are “ironclad friends”, with deep military ties in addition to the infrastructure investments.
Meanwhile, Cambodia is a major exporter of clothing and footwear to the US, with half of these companies owned by Chinese business owners, Yu explained.
Phnom Penh was slapped with a US tariff rate of 49 percent, one of the highest globally, before most duties were paused until July.
“[Cambodia] will try to negotiate that [tariff rate] down, and Xi Jinping wants to remind them that, here we are friends, and we don’t want you to cut any deals at Beijing’s expense,” said Yu.
In an article published on Thursday morning in Cambodian media, Xi urged Phnom Penh to oppose “hegemonism” and “protectionism”, repeating messages he sent earlier this week to Vietnam and Malaysia in the first two legs of his trip.
‘Pivotal role’
China is Cambodia’s biggest trading partner and source of investment, and more than a third of Cambodia’s $11bn in foreign debt is owed to China, according to the International Monetary Fund.
Chheang Vannarith, a political analyst and public policy lecturer, told Al Jazeera that Xi’s visit to Phnom Penh marks “a new milestone in the bilateral relationship”.
AdvertisementHe said expectations are high for greater cooperation on infrastructure projects, as well as trade, development, tourism, technology and other sectors. “To Cambodia, China is very critical in socioeconomic development and poverty reduction,” he said.
Vannarith added that Cambodia is expected to increase its exports to China in response to tariff pressure from US President Donald Trump’s administration.
“Cambodia is trying to diversify its export products and export markets … in order to reduce a risk of over-reliance on the US market. China is emerging to be another key destination for Cambodian exports.”
So far, China has made no public financial commitment to Cambodia’s canal project, while Phnom Penh has changed its statements on Chinese engagement from covering 100 percent to 49 percent of total costs, estimated at $1.7bn.
Beijing signed no new loans to Cambodia last year, according to Cambodian official data, a marked contrast with previous years when it lent the country hundreds of millions of dollars.
The drop in funding came as China reduced overall overseas investments amid domestic economic woes and concerns over unsuccessful projects.
Despite this, Hun Manet, in a video posted on Wednesday, said the two countries had “common interests based on the principles of respect for sovereignty, equality, and noninterference in internal affairs”.
He also said China had played a “pivotal role” in Cambodia’s socioeconomic development.