China remains one of the top three destinations for 63 percent of respondents in a survey conducted earlier this year by the European Union Chamber of Commerce in China and global consultancy firm Roland Berger. Enditem
The survey also showed that 26 percent respondents believe that U.S. investment and business environment would decline at least moderately in the next two years, which is roughly in line with 33 percent in 2019 but much higher than 12 percent in 2018 and 5 percent in 2017.
He said although China had been hit hard by the pandemic, her efforts in stabilizing industrial and supply chains in the region shall be praised.
He said the BRI is vital for Cambodia's economy which relies on the inflows of foreign direct investments that are conditional to the capability of sufficient physical infrastructures.
The supplies are due to arrive in Laos by the end of August.
"Cambodia is highly confident that China, a hub of global business and investment, will not only open its market access for Cambodia's products in this current state, but also consider further liberalization for the kingdom's export," Sorasak said.
"Countries are already working together to solve the world's problems, but it is normal for there to be different tensions and interests," he said. Enditem
Sorasak said the recent rising tendency in protectionism and unilateralism poses a severe hindrance to the global effort undertaken at the World Trade Organization (WTO) and beyond.
U.S. President Donald Trump on Thursday issued an executive order banning any U.S. transactions with Chinese tech firm ByteDance, owner of TikTok, starting in 45 days.
"I do not believe there will be a 'new Cold War' between the two powers. The two countries have great economic, trade and financial interdependence. Personally, I believe the two countries can resolve their differences through dialogue, as they have cooperated in the past," Maggiorelli said.
Given Beijing's willingness to cooperate, Castrillon believed the U.S. administration's disputes had less to do with policy than with trying to get re-elected in November.