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Thursday, January 12, 2012

Sino-Cambodian ties see remarkable progress in past year: Chinese ambassador

PHNOM PENH, Jan. 12 (Xinhua) -- The relations between China and Cambodia have seen significant progress in 2011 in terms of political, economic, trade and humanitarian cooperation, the Chinese ambassador to Cambodia Pan Guangxue highlighted on Thursday evening.

Addressing at a reception ceremony to greet the upcoming Chinese New Year at the embassy residence, the ambassador said that the Sino-Cambodian political ties had rapidly developed in the past year.

"Top leaders of the two countries had exchanged visits to strengthen and expand the bilateral ties," he said.

In terms of trade, he said, the two-way trade volume was over 2 billion U.S. dollars in 2011 and it is believed that the volume will hit 2.5 billion U.S. dollars before the year 2015.

Pan also noted that last year, many investors had come to do businesses in Cambodia and an eminent achievement of Sino- Cambodian economic tie was the launch of the China-invested 193 megawatt Kamchay hydroelectric dam in December.

On the humanitarian cooperation, the ambassador said that China had provided nearly 10 million U.S. dollars to Cambodia during the period that Cambodia had been hit the worst from the floods between August and October.

"In the past year, we had achieved a great success to flourish our bilateral ties and I believe that the good ties will continue to be stronger and stronger in years to come for the interests of the two countries' peoples," he said.

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