Chinese investment in Cambodia is expected to diversify into finance and banking.
Asia is one of the largest contributors to global economic growth but there is a Catch-22 situation. The higher the economic growth from increases in investment, the higher will be the current account deficit.
The multilateralisation approach remains Asean’s best way forward as it faces challenges for deeper regional integration, argues Jayant Menon.
Projects expected to be approved before the end of the year, now equals $1.3 billion.