THE MYSTERY OF WHAT CHINA'S DOING IN CAMBODIA
THE MYSTERY OF WHAT CHINA'S DOING IN CAMBODIA
Dodgy Christian right wing source, but interesting anyway.
THE MYSTERY OF WHAT CHINA'S DOING IN CAMBODIA
$14 billion invested, up to $131 billion more pledged
No matter how you slice it, $131 billion is a lot of money.
And that’s the total of foreign direct investment – actual, pledged and on-the-table for discussion – by China in neighboring Cambodia, says a report in Joseph Farah’s G2 Bulletin.
The money flow is raising questions.
Some of the funds are going to the building of casinos. In fact, sources say, thousands of Chinese nationals are already flocking to Sihanoukville, Cambodia, to build them and work in them. These casinos offer online gambling – mostly in China. In fact, the existing casinos are reportedly mostly empty of gamblers.
Even more interesting is that gambling is illegal in China – online or off. It’s also illegal for Chinese citizens to gamble abroad and to build casinos outside the country.
It’s hard to believe this seeming contradiction between Chinese laws and actions has gone unnoticed, especially considering the massive scale of Chinese investment.
So, what’s going on? Why is the Chinese government apparently turning a blind eye to this flouting of its own laws?
Cambodia is one of the last countries on Earth that launders “dirty” money and makes it “clean.”
There are even rumors that thousands of Cambodian passports will be sold to Chinese nationals. Could Cambodia be scamming China? Or do both sides know what’s going on? And, if not money laundering on a massive scale, what’s up?
Just last month, two major Chinese property and construction firms pledged new capital investment totaling $7 billion in Cambodia’s infrastructure, tourism, construction and financial sectors. The announcement followed discussions in Beijing between Cambodian Prime Minister HE, Cheng Risheng, the chairman of Henan Transport Investment Group and Zhang Yuling, the chairman of Greenland Holding Group.
The new projects include an expressway between Phnom Penh and Sihanoukville, the construction of another satellite city and the establishment of a tourism center and a new nationwide commercial bank.
Note the emphasis on “tourism.” Cambodia is not noted for its “tourism” industry other than for Chinese citizens. And “tourism” is often a polite word for gambling.
How big has all this been for Cambodia?
As a result of two decades of consistent economic growth, Cambodia’s economy lifted from a least-developed country status into the bracket of lower-middle income nations, such as Vietnam and India.
THE MYSTERY OF WHAT CHINA'S DOING IN CAMBODIA
$14 billion invested, up to $131 billion more pledged
No matter how you slice it, $131 billion is a lot of money.
And that’s the total of foreign direct investment – actual, pledged and on-the-table for discussion – by China in neighboring Cambodia, says a report in Joseph Farah’s G2 Bulletin.
The money flow is raising questions.
Some of the funds are going to the building of casinos. In fact, sources say, thousands of Chinese nationals are already flocking to Sihanoukville, Cambodia, to build them and work in them. These casinos offer online gambling – mostly in China. In fact, the existing casinos are reportedly mostly empty of gamblers.
Even more interesting is that gambling is illegal in China – online or off. It’s also illegal for Chinese citizens to gamble abroad and to build casinos outside the country.
It’s hard to believe this seeming contradiction between Chinese laws and actions has gone unnoticed, especially considering the massive scale of Chinese investment.
So, what’s going on? Why is the Chinese government apparently turning a blind eye to this flouting of its own laws?
Cambodia is one of the last countries on Earth that launders “dirty” money and makes it “clean.”
There are even rumors that thousands of Cambodian passports will be sold to Chinese nationals. Could Cambodia be scamming China? Or do both sides know what’s going on? And, if not money laundering on a massive scale, what’s up?
Just last month, two major Chinese property and construction firms pledged new capital investment totaling $7 billion in Cambodia’s infrastructure, tourism, construction and financial sectors. The announcement followed discussions in Beijing between Cambodian Prime Minister HE, Cheng Risheng, the chairman of Henan Transport Investment Group and Zhang Yuling, the chairman of Greenland Holding Group.
The new projects include an expressway between Phnom Penh and Sihanoukville, the construction of another satellite city and the establishment of a tourism center and a new nationwide commercial bank.
Note the emphasis on “tourism.” Cambodia is not noted for its “tourism” industry other than for Chinese citizens. And “tourism” is often a polite word for gambling.
How big has all this been for Cambodia?
As a result of two decades of consistent economic growth, Cambodia’s economy lifted from a least-developed country status into the bracket of lower-middle income nations, such as Vietnam and India.
- Imposter555
- Expatriate
- Posts: 109
- Joined: Tue Dec 05, 2017 6:10 pm
- Reputation: 1
Re: THE MYSTERY OF WHAT CHINA'S DOING IN CAMBODIA
(read fast before the CIA deletes it )
yes no matter how you slice it by comparison the capitalist west is bankrupt and hasn't got any money to invest in Cambodia.
yes no matter how you slice it by comparison the capitalist west is bankrupt and hasn't got any money to invest in Cambodia.
- Imposter555
- Expatriate
- Posts: 109
- Joined: Tue Dec 05, 2017 6:10 pm
- Reputation: 1
Re: THE MYSTERY OF WHAT CHINA'S DOING IN CAMBODIA
hello Kuroneko good to see you survived xmas. just boxing day to go now
- John Bingham
- Expatriate
- Posts: 13784
- Joined: Sun Dec 07, 2014 11:26 pm
- Reputation: 8983
Re: THE MYSTERY OF WHAT CHINA'S DOING IN CAMBODIA
I have tried reading that a few times and can't figure out what any of it is supposed to mean.Note the emphasis on “tourism.” Cambodia is not noted for its “tourism” industry other than for Chinese citizens. And “tourism” is often a polite word for gambling.
Silence, exile, and cunning.
- Imposter555
- Expatriate
- Posts: 109
- Joined: Tue Dec 05, 2017 6:10 pm
- Reputation: 1
Re: THE MYSTERY OF WHAT CHINA'S DOING IN CAMBODIA
"gambling illegal in china" macau has become the latest state of america?
Macau - Wikipedia
https://en.wikipedia.org/wiki/MacauProxy Highlight
Macau also spelled Macao and officially the Macao Special Administrative Region of the People's Republic of China, is an autonomous territory on the western side of the Pearl River estuary in East Asia. Macau is bordered by the city of Zhuhai in
Gambling in Macau - Wikipedia
https://en.wikipedia.org/wiki/Gambling_in_MacauProxy Highlight
Twenty-three casinos are located on the Macau Peninsula and ten on Taipa Island.
- Imposter555
- Expatriate
- Posts: 109
- Joined: Tue Dec 05, 2017 6:10 pm
- Reputation: 1
Re: THE MYSTERY OF WHAT CHINA'S DOING IN CAMBODIA
it is those damn Red Indians, Eskimos and Australian aborigines who are doing all that gambling in macau. you just cant trust themEven more interesting is that gambling is illegal in China – online or off. It’s also illegal for Chinese citizens to gamble abroad and to build casinos outside the country.
- Cruisemonkey
- Expatriate
- Posts: 1162
- Joined: Thu Apr 13, 2017 7:16 pm
- Reputation: 364
Re: THE MYSTERY OF WHAT CHINA'S DOING IN CAMBODIA
I think the 'mystery' only exists in the author's mind.
You could be next.
- Kentish Man
- Expatriate
- Posts: 21
- Joined: Sun Nov 12, 2017 1:09 pm
- Reputation: 4
- Location: Sihanoukville
Re: THE MYSTERY OF WHAT CHINA'S DOING IN CAMBODIA
Imposter555 wrote: ↑Tue Dec 26, 2017 3:47 am "gambling illegal in china" macau has become the latest state of america?
Macau - Wikipedia
https://en.wikipedia.org/wiki/MacauProxy Highlight
Macau also spelled Macao and officially the Macao Special Administrative Region of the People's Republic of China, is an autonomous territory on the western side of the Pearl River estuary in East Asia. Macau is bordered by the city of Zhuhai inGambling in Macau - Wikipedia
https://en.wikipedia.org/wiki/Gambling_in_MacauProxy Highlight
Twenty-three casinos are located on the Macau Peninsula and ten on Taipa Island.
Gambling is illegal in China. However, gambling is allowed in Macau. In fact it is the only Chinese city in which gambling is legally allowed. This is because Macau is a Special Administrative Region of the People's Republic of China and has different laws.
Source: Online Casino Elite Blog
(https://www.onlinecasinoselite.org/post ... e-of-macau)
- Arget
- Expatriate
- Posts: 3261
- Joined: Sun Aug 20, 2017 7:44 am
- Reputation: 2417
- Location: Phnom Penh
- Contact:
Re: THE MYSTERY OF WHAT CHINA'S DOING IN CAMBODIA
10% off the top is a good reason to accept for changes required. Need a stable government to implement changes to suit investors even if it means citizenship to allow ownership.
-
- Similar Topics
- Replies
- Views
- Last post
-
- 0 Replies
- 782 Views
-
Last post by MrB
-
- 2 Replies
- 1464 Views
-
Last post by Tootsfriend
-
- 17 Replies
- 3824 Views
-
Last post by Doc67
-
- 14 Replies
- 4936 Views
-
Last post by Darkcel
-
- 5 Replies
- 1344 Views
-
Last post by Anchor Moy
-
- 0 Replies
- 5163 Views
-
Last post by CEOCambodiaNews
-
- 10 Replies
- 2816 Views
-
Last post by truffledog
Who is online
Users browsing this forum: ali baba, Baidu [Spider], barang_TK, Lost50, paul2d, phuketrichard, Semrush [Bot], Soriya and 876 guests