Friday, August 19, 2011

China’s Kunming to build first, large Chinese product shopping mall in Phnom Penh

   PHNOM PENH, Aug. 15 (Xinhua) -- China’s Kunming city has been studying the possibility to build the first and large Chinese product shopping mall in Phnom Penh in order to boost trades and investments between the two sister cities, Gu Wenwen, Head of Foreign Affair and Overseas Chinese Affairs Office of Kunming Municipal People’s Government, said here on Monday.
   “To build closer relations between China’s Kunming and Cambodia’s Phnom Penh, the Governor of Kunming has initiated to build a Chinese goods wholesale shopping mall in Phnom Penh,” she disclosed the plan during a meeting with the Governor of Phnom Penh, Kep Chuk Tema.
   She added that the Yunnan Junfa Real Estate Company has been studying the possibility for the construction of the mall.
   There is no time frame and investment cost for the mall available yet, she added. 
   Meanwhile, Kep Chuk Tema expressed his full support for the plan, which he said it would help to boost economics and trades between Cambodia and China.
   Phnom Penh and Kunming was signed to become the sister cities in June during Kep Chuk Tema’s visit in Kunming.
   Bilateral trade volume between Cambodia and China was 912.76 million U.S. dollars in the first half of this year, 82 percent rise from 501 million U.S. dollars in the same period last year, according to the latest statistics from Cambodian Ministry of Commerce. 

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