new economy

　　

KUNGFU News, Phnom Penh, December 13th (Yang Qiang, Qiang Baoyi) The Charge Consul General of the Chinese Embassy in Cambodia, Zhong Jie, said in Phnom Penh on December 13th that currently, global economic growth momentum is insufficient, and various countries' economic development and international economic and trade cooperation are facing many challenges. China and Cambodia have continuously advanced the "Belt and Road" construction, and the "Diamond Hexagon" cooperation framework has been further enriched, bringing tangible benefits to the two countries and their people.

The Jinpa Branch of Industrial and Commercial Bank of China held a thematic forum titled "Crossing Cycles, Resilience Forward" on the 2026 macroeconomic outlook on that day. Nearly 200 representatives from Chinese-funded enterprises in Cambodia and local experts in relevant fields participated.

According to statistics from Cambodia, from January to November this year, the trade volume between China and Cambodia reached 17.69 billion US dollars, a significant increase of 28.6% year-on-year. China continues to be Cambodia's largest trading partner. During the same period, the investment of Chinese enterprises in Cambodia was close to 5 billion US dollars, accounting for more than half of the total investment in Cambodia during that period. China has remained Cambodia's largest source of foreign investment for many consecutive years.

In his speech, Zhong Jie pointed out that China and Cambodia's economic cooperation has broad prospects. Both sides have strengthened investment cooperation in areas such as digital economy, green economy, and deep processing of agricultural products, and further deepened cooperation in emerging fields such as finance. They have continuously injected new momentum into China-Cambodia economic cooperation. He firmly believes that with the joint efforts of both sides, bilateral economic cooperation will surely be able to overcome any cycle and show stronger resilience and vitality.

Wang Weian, the director of the Finance Institute of Zhejiang University, delivered a keynote speech on the in-depth analysis of China's macroeconomic and financial situation and policies. He interpreted China's economic fundamentals, policy orientation, and core challenges. He said that in 2026, China will implement a more proactive fiscal policy and a moderately loose monetary policy to lead the development of new quality productive forces with scientific and technological innovation and promote industrial structure upgrading and digital transformation.

The General Manager of the Jinpa Branch of Industrial and Commercial Bank of China, Lin Shiqiang, shared the economic and financial situation of Cambodia and related hot issues, providing references for Chinese enterprises going global and cross-border cooperation. He said that Cambodia's economy has continued to grow moderately, with a significant demographic dividend, high investment activity, and remarkable effectiveness of cross-border RMB application. The branch will continuously optimize products to contribute financial strength to jointly building the "Belt and Road" and promoting bilateral economic cooperation between China and Cambodia. (End)