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Cambodian PM: China could help deal with global financial crisis

In Economy, Finance, Financial Crisis on October 14, 2008 by viCheth



PHNOM PENH, Oct. 14 (Xinhua) — Cambodian Prime Minister Hun Sen said Tuesday that China was not affected severely by the global financial crisis and could help deal with it.

"I hope China could help deal with the global financial crisis because China still has a large amount of foreign-exchange reserves and potential of economic growth," Hun Sen said at the two-day Fourth Asia Economic Forum held here.
China will get a little bit impact from the global financial crisis, he added.
Hun Sen said that the global financial crisis now is not strange for Asian countries because they had a financial crisis in 1997, in which a few countries in Asia got impact and were saved by economic super powers.


"When we had the Asian financial crisis in 1997, China became the helper for the countries which got impact from the crisis," he said, adding that the EU and the U.S. also intervened with the crisis.
The global financial crisis will be discussed at the Asia Europe Summit in Beijing on Oct. 24-25, which will help to solve matters of the global financial crisis, Hun Sen said.

One Response to “Cambodian PM: China could help deal with global financial crisis”

  1. Hi there. Thought you might be interested in this: http://jkfowler.com/2009/11/10/midnight-trade/ . Cheers, JK

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