China and Cambodia have taken significant steps to deepen their multifaceted cooperation, as regional dynamics evolve amid global economic shifts. A newly released action plan (2023-2028) – the first such agreement China signed with any nation – signals Phnom Penh's pivotal role in Beijing's regional strategy through enhanced political coordination and shared developmental goals.
The strengthened partnership was highlighted during this week's central conference on neighboring diplomacy in Beijing, where officials emphasized Cambodia's status as a longstanding regional ally. Bilateral trade grew 5% year-on-year to $12 billion in 2023, with Chinese investments dominating Cambodia's infrastructure and manufacturing sectors.
Analysts note the collaboration extends beyond economics, encompassing cultural exchanges and security coordination. 'This partnership model combines Cambodia's strategic ASEAN position with China's Belt and Road expertise,' said Dr. Sok Vanna, Southeast Asia scholar at the Phnom Penh Institute of International Studies. 'It creates a blueprint for South-South cooperation in the green energy and digital transformation era.'
