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Tuesday, August 23, 2011

Cambodian deals with China inked

Z9EC ASW helicopterCambodia agreed to acquire Chinese-made Z-9 helicopters for US$195 million in one of 26 memorandums of understanding agreed by the two countries on Saturday.

Cooperation was pledged in sectors such as energy, mining, agriculture and road construction, as well as defence spending and aid. The two-day meeting also saw deals inked involving Cambodian conglomerate Royal Group and the Chinese backers of the controversial Boeung Kak lake development.

Led by Politburo Standing Committee member Zhou Yongkang, the Chinese delegation met with Prime Minister Hun Sen on Saturday.

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