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Asean economic miracle achieved via consensus, cooperation

Global Times editor's note: While the world faces uncertainty amid Covid-19 outbreaks and geopolitical crisis, trade and economic cooperation between China and Cambodia has recorded strong growth momentum, achieving noteworthy results, including the Phnom Penh-Sihanoukville Expressway, the Sihanoukville Special Economic Zone as well as a vaccine filling plant.

In the first quarter of 2022, China-Cambodia trade volume reached $3.75 billion, up 39.2 percent year-on-year, with the growth rate ranking first among the Association of Southeast Asian Nations (sean) members. China's nonfinancial direct investment in Cambodia reached $206 million, an increase of 35.2 percent; and Cambodia's investment in China reached $24.86 million, up 255 percent year-on-year.