Free Trial

China's FM Wang visiting Cambodia to discuss virus, trade

VIETNAM CHINA
Vietnamese Prime Minister Pham Minh Chinh and Chinese Foreign Minister Wang Yi wave as they stand for photos in Hanoi, Vietnam on Saturday, Sep.11, 2021. China has pledged to donate 3 million doses of its vaccine to Vietnam as Foreign Minsiter Wang Yi closed his visit to Hanoi. (Duong Van Giang/VNA via AP)

PHNOM PENH, Cambodia (AP) — China's Foreign Minister Wang Yi is visiting Cambodia, where he met with Prime Minister Hun Sen and other officials to discuss COVID-19 and other regional issues.

Cambodia's foreign ministry said Wang's meetings on Sunday and Monday would include discussions of trade and security as well.

Wang delivered a speech at a ceremony handing over the recently completed Cambodian national stadium, which was funded by China, to Cambodia’s organizing committee for the 2023 Southeast Asian Games.

Wrapping up a visit to neighboring Vietnam on Saturday, Wang said China planned to donate 3 million vaccine doses to that country, which is under a lockdown to contain a COVID-19 surge.

China is Cambodia’s biggest investor and closest political partner. Beijing’s support allows Cambodia to disregard Western concerns about its poor record in human and political rights, and in turn Cambodia generally supports Beijing’s geopolitical positions on issues such as its territorial claims in the South China Sea.

In recent months, the United States has expressed concern about their ties and urged Cambodia's leaders to maintain an independent and balanced foreign policy that would be in its people's best interests.

The concerns partly have focused on China’s construction of new facilities at Ream Naval Base in Cambodia and the potential for its military to have future basing rights there.

Ream faces the Gulf of Thailand that lies adjacent to the South China Sea, and holding basing rights in Cambodia would extend Beijing’s strategic military profile considerably.

Where Should You Invest $1,000 Right Now?

Before you make your next trade, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis.

Our team has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and none of the big name stocks were on the list.

They believe these five stocks are the five best companies for investors to buy now...

See The Five Stocks Here

7 Stocks That Could Be Bigger Than Tesla, Nvidia, and Google Cover

Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

3 Defense Stocks Under $10 With Massive Upside
NVIDIA: Another 200% Growth Ahead? (PLUS 2 Companies Riding Along)
3 Rising Stocks You’ll Want on Your Watchlist

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines