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Sihanoukville: Returning Chinese mark a sign of a business rebound


geovalin

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The Kingdom’s coastal Sihanoukville, where Chinese nationals national dominated nearly a half of businesses  before the COVID-19 outbreak, is seeing economic activity gradually rebound after   Middle Kingdom’s investors and workers started to return to the province as pandemic fears ease. Preah Sihanouk provincial hall spokesman Kheang Phearum told Khmer Times that Since May 23 up to yesterday, 1,066 Chinese nationals arrived in the province on direct flights.

 

He said most of them are investors, company executives and ordinary workers. “We are expecting that the more business and investment we have, the more we will see economic growth,” he said, adding that while some construction building still continues, some remains  stalled by COVID-19. “Now we don’t have any mandate to ban entry so they have returned because of less fear of Coronavirus. When the virus is under control and the project owner returns, we hope that business activity will back to normal – and that will be very shortly.”

 

According to Phearum, Chinese national in Sihanoukville  have invested in the tourism  sector, casinos, construction, services and manufacturing. According to Preah Sihanouk Provincial Governor Kuoch Chamroeun, half of Sihanoukville residents were Chinese before the COVID-19 outbreak and now only 15,000 Chinese nationals live in the city. In 2019, the total population was 80,000 and the number of Chinese was about half of that.

 

read more https://www.khmertimeskh.com/50734801/sihanoukville-returning-chinese-mark-a-sign-of-a-business-rebound/

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