China gives $240m in aid

[geovalin]

China has granted $240 million aid to Cambodia under agreements signed by Prime Minister Hun Sen on a state visit to Beijing. Mr Hun Sen and Chinese Prime Minister Li Keqiang signed six deals on Tuesday after a one-hour meeting to discuss ties between the nations.  
 

In one of the agreements, Cambodia and China pledged to develop economic and technical cooperation, with China providing aid of $174 million to Cambodia this year. The same figure was given by China under a similar deal last year. In a meeting between Mr Hun Sen and Chinese President Xi Jinping yesterday, Mr Xi said the aid would help Cambodia build schools and fund telecommunication and clean water projects in rural areas.
 

China will also provide a grant of about $65 million to expand the capacity of Preah Ket Mealea military hospital, Mr Xi added. Other agreements between the nations hold promise to work together on the One Belt One Road initiative, electricity networks, transport, infrastructure, tourism and establishing a station for monitoring marine environments.
 

read more http://www.khmertimeskh.com/news/38482/china-gives--240m-in-aid/

 

 

-- © Copyright Khmer Times 18/05

[Khon Kaen Dave]

wouldn't it be nice to think that all the money will go to where it is meant. But i doubt it. What ever does get to the charity, will be open to being plundered by the bent, bastards, who work for it.
All that dosh is an irresistible lure to some greedy @resoles.

[elgordo38]

14 hours ago, geovalin said:

Chinese President Xi Jinping yesterday, Mr Xi said the aid would help Cambodia build schools and fund telecommunication and clean water projects in rural areas.

The great thing about borrowing money today is that it never seems to be paid back just repackaged for a later date. Mr. Xi is a lot like Shylock he never forgets a debt. Many countries will find that out much to their chagrin.