Xinhua | 2012-9-15
By Agencies
A group of Chinese trade officials from Southern China's Shenzhen City
has been visiting Cambodia to promote the bilateral trade and
investment ties.
The group was led by Zhang Jinsheng, director of Shenzhen WTO ( World Trade Organization) Affairs Office.
Addressing
a Shenzhen Economic and Trade Forum here on Friday afternoon, Zhang
said that the visit to Cambodia was to introduce Shenzhen's trade and
investment potentials to Cambodian businesspeople and to explore
Cambodia's investment potentials for Chinese investors.
The forum was attended by some 40 Cambodian and Chinese companies' executives.
Zhang
also promised to encourage Chinese firms to look into business
opportunities in Cambodia to contribute to strengthening and expanding
bilateral ties between China and Cambodia.
At the forum,
Yum Sui Sang, chairman of the China Hong Kong and Macau Expatriate and
Business Association of Cambodia, said the event was very important to
boost economic and trade ties between Cambodia and China's Shenzhen.
"The
forum is an opportunity for Cambodian businesspeople to learn about the
economic and trade potentials in Shenzhen and also a chance for us to
tell Shenzhen officials about Cambodian potential sectors for
investors," said Yum Sui Sang, who is also the president and CEO of the
Union Commercial Bank.
The bilateral trade volume between
Cambodia and China amounted to 2.5 billion US dollars in 2011, up 73.5
percent from a year earlier. The two countries' leaders vowed to double
the volume to 5 billion US dollars by 2017.
On the investment
side, during the first six months of this year, Cambodia attracted the
investment of 141 million US dollars from China in the sectors of
garment and textile industry and rice milling, according to a report of
the Council for the Development of Cambodia.
Shenzhen, bordering
with Hong Kong, is located in Southern China's Guangdong Province,
which is known for its international business and trade.
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