Posted inAT Finance, Cambodia, China, European Union, Russia, Vietnam, World

BOC extends yuan presence in Cambodia, but greenback is king

Bank of China, the most active Chinese state bank on the international stage, celebrated the grand opening of new branches in Cambodia’s Siem Reap and Sihanoukville last month. Strategically placed, they have two missions: to support Chinese commercial activity and facilitate yuan internationalization. China remains Cambodia’s leading foreign donor. In 2016, Chinese direct investment in […]

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