Bilateral trade between Jiangsu and Preah Sihanouk, which have just signed an agreement to become sister provinces, was valued at $1.2 billion last year. Preah Sihanouk province has increasingly become a hotbed for Chinese investment in the Kingdom, and its geography has proven strategic in pushing Beijing’s Belt and Road Initiative in Southeast Asia. This is a win-win strategy.”Huang said the Preah Sihanouk Special Economic Zone has 125 enterprises and has created 21,000 jobs with $500 million in investments. Emerging Markets Consulting senior consultant Ngeth Chou said he welcomed an increase in investment in Preah Sihanouk province’s manufacturing, which he said would largely benefit the Kingdom. Preah Sihanouk provincial governor Yun Min, who visited Jiangsu province last week to strengthen city-level relations, could not be reached for comment on Tuesday.

Source: The Nation Bangkok October 31, 2018 03:45 UTC