Off the wire
• Ministry names and shames northern city for pollution  • Roundup: Singapore stocks end down 0.3 pct  • Merkel expresses doubts on treason charges against German reporters  • 1st Ld-Writethru: Beijing to use odd-even traffic ban for large August events  • France reports increased car sales in July  • Shanghai stock exchange suspends four accounts for abnormal transactions  • Russia slams U.S. attempts to provide air cover to Syrian rebels  • 1st LD-Writethru:Taipei mayor vows to do "whatever" benefits cross-Strait exchange  • HSBC announces sale of Brazilian arm, 10 pct jump in profits  • China provides emergency aid to Myanmar flood-hit regions  
You are here: 　 Home

Cambodia to benefit from China's Belt and Road initiative: PM

Xinhua, August 3, 2015 Adjust font size:

Cambodian Prime Minister Hun Sen said Monday that the Southeast Asian country will benefit from the China-proposed Belt and Road initiative.

The Belt and Road initiative, proposed in 2013, is a trade and infrastructure network that includes the Silk Road Economic Belt and the 21st Century Maritime Silk Road to connect Asia, Europe and Africa. A 40 billion U.S. dollar Silk Road Fund designed to finance the initiative has been launched.

"Cambodia hopes that it will be able to receive part of these loans for investing in its new infrastructure projects," Hun Sen said in a speech during an inauguration ceremony of a China-funded bridge here.

He also spoke highly of China's active contribution to economic development and poverty reduction in developing countries in Asia, Africa, and Latin America. Endi