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China, Cambodia sign MoU to bolster supply chain cooperation

China

China

China

China, Cambodia sign MoU to bolster supply chain cooperation

2025-04-22 10:30 Last Updated At:13:37

China and Cambodia have signed a Memorandum of Understanding (MoU) to enhance economic cooperation in the industrial and supply chains.

The two countries' commerce ministries signed the MoU in Cambodia on April 17, as President Xi Jinping paid a state visit to the country during his three-nation Southeast Asia tour.

The agreement aims to fully leverage bilateral mechanisms and encourage businesses from both countries to collaborate in areas such as trade, investment, and technology.

The MoU also seeks to unleash the exemplary effect of economic and trade cooperation zones, like the Sihanoukville Special Economy Zone (SSEZ).

The collaboration is expected to create a more integrated, stable, and resilient industrial and supply chain network between China and Cambodia, to further deepen trade and investment ties between the two nations.

China, Cambodia sign MoU to bolster supply chain cooperation

China, Cambodia sign MoU to bolster supply chain cooperation

China, Cambodia sign MOU to bolster supply chain cooperation

China, Cambodia sign MOU to bolster supply chain cooperation

The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 20 pips to 7.0108 against the U.S. dollar Monday, according to the China Foreign Exchange Trade System.

In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central parity rate each trading day.

The central parity rate of the yuan against the U.S. dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.

Chinese yuan strengthens to 7.0108 against USD Monday

Chinese yuan strengthens to 7.0108 against USD Monday

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