Garment Industry Has Become One Of The Four Pillars Of Kampuchea'S Development.
Xu Ningning, Deputy Secretary General of the Chinese Secretariat of the China ASEAN Business Council, said the newly released Asian Development Bank report raised Kampuchea's economic growth rate from 6.5% in 2011 to 6.8%.
Agriculture, clothing industry, real estate and tourism are the four pillars of Kampuchea's economic development. Because of the stable political situation and preferential investment and tax policies adopted by the government, the investment in Kampuchea has been at a climax in recent years.
From 1 to July 2011, the government of Kampuchea approved 75 investment projects with an investment of US $5 billion 500 million, an increase of 301% over the same period. Among them, there are 4 tourism projects, with a total investment of US $2 billion 440 million, 60 industrial projects, and an investment of US $2 billion 600 million; agriculture, rubber There are 11 investment projects and telecommunications services, with an investment of US $460 million.
From 1 to July, 1279 projects approved by the government of Kampuchea amounted to $750 million, an increase of 84% over the same period. Projects approved for construction mainly include rice milling plants. garment factory Tourism facilities, farms and housing.
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