US, China Face Off Online Over Trade Deficit in Cambodia

Recently, the US embassy posted a comment on its Facebook about a trade deficit between China and Cambodia, which angered Chinese embassy officials in Phnom Penh.

PHNOM PENH — 

The United States and China are sparring on Facebook over comments made about the Cambodian comments made by the US Embassy about the country’s trade deficit.

On Friday last week, the US embassy posted a comment on its Facebook about a trade deficit between China and Cambodia, which angered Chinese embassy officials in Phnom Penh.

In the post, the embassy wrote: “China is Cambodia’s largest trade partner, but this relationship is heavily skewed in China’s favor. About 87% of trade are Chinese imports, which do not support jobs or industry in the same way Cambodia’s trade relationship with the United States or EU does.”

“This is just one more way Cambodia has shifted from a more balanced and diverse economic approach to one more dependent on China,” it adds.

In response, the following day the Chinese Embassy posted a statement on its Facebook page, saying that “Cambodian friends beware! The US is trying to stir things up again with the so-called trade deficit issue.”

“It is common sense that in a globalized world, the trade goes far beyond bilateral,” said the post, explaining that Cambodia imports large amounts of raw materials for textiles and machinery from China for the garment industry, while it exports final products all over the world, including to the US and EU.

Full article available at: https://www.voacambodia.com/a/us-china-face-off-online-over-trade-deficit-in-cambodia/4886281.html