Yin Li, a senior member of the Political Bureau of the Communist Party of China (CPC) Central Committee and Secretary of the CPC Beijing Municipal Committee, expressed confidence in Cambodia’s continued economic growth and development.
Yin registered his appreciation during a meeting with Prime Minister Hun Manet at the Peace Palace yesterday.
Both leaders also discussed strengthening and expanding bilateral cooperation in key areas, including politics, trade, investment, digital technology, arts and culture, tourism, and people-to-people exchanges.
During the meeting, Yin commended Cambodia’s rapid progress across all sectors, particularly in maintaining peace, political stability, and socio-economic development while improving citizens’ living standards.
“Under Prime Minister Hun Manet’s leadership, Cambodia’s economy will continue to grow and strengthen,” Yin said.
He also recounted the enduring friendship between China and Cambodia, emphasizing the deepening cooperation between the two nations at the state, party, and people-to-people levels.
Yin said that the purpose of his visit was to further implement agreements made by the top leaders of both countries and to advance practical cooperation.
Additionally, he underscored Beijing’s commitment to expanding collaboration with the Phnom Penh and Siem Reap administrations, as well as other provincial governments across Cambodia.
In response, Mr Hun Manet appreciated the strong ties between Cambodia and China.
He thanked the Chinese government for its continued support for Cambodia’s socio-economic development and acknowledged Chinese investors’ significant contributions, particularly in infrastructure projects such as expressways, the Siem Reap-Angkor International Airport, and special economic zones.
Chinese investment accounted for approximately 73.35 percent of Cambodia’s total investment capital in January 2025, amounting to $548.65 million out of the country’s overall $748 million, according to a press release from the Cambodian Investment Board (CIB).
The release further highlighted China as one of Cambodia’s leading investment sources, followed by Vietnam, which contributed 5.52 percent of the total investment.
Speaking to Khmer Times, Chey Tech, a socio-economic researcher, noted that China’s ongoing support and investment play a vital role in Cambodia’s economic growth and development.
“The strong bilateral relationship, commonly referred to as the ‘Diamond Partnership’—built on mutual trust and respect—has been a key driver in attracting these investments,” he said.
“Additionally, the Regional Comprehensive Economic Partnership and the Free Trade Agreement between the two countries have further strengthened trade and investment ties.”