Xi hopes Cambodia visit to spearhead progress in building China-Cambodia community with shared future

Chinese President Xi Jinping said he hopes his visit to Cambodia will spearhead progress in building a China-Cambodia community with a shared future.

Xi made the remarks in a signed article titled "Together We Strive, Together We Thrive: Toward a Stable and Sustainable China-Cambodia Community with a Shared Future in the New Era" published Thursday in Cambodian media outlets Khmer Times, Jian Hua Daily and Fresh News ahead of his arrival in Cambodia for a state visit.

Noting that a China-Cambodia community with a shared future is deeply rooted in the historic legacy of good-neighborly relations, Xi said that the two countries' friendly exchange spans two millennia of their shared history, thanks to the geographical proximity.

A China-Cambodia community with a shared future is also defined by the two countries' mutual commitment to friendship and righteousness, he said, recalling that the friendship was forged by Cambodia's King Father Norodom Sihanouk, and Chairman Mao Zedong, Premier Zhou Enlai among the elder generations of Chinese leaders.

Xi noted that a China-Cambodia community with a shared future is powered by equality and mutual benefit. For many years, China has been Cambodia's largest trading partner and largest source of investment, and the industrial and supply chain cooperation between the two countries has been deepening continuously, he said.

A China-Cambodia community with a shared future is founded upon inclusiveness and mutual learning, Xi said. Over the past 30 years, China has sent many experts to Cambodia across diverse fields, including archaeology, geological exploration, cultural heritage, history, architecture and the arts. They have helped bring renewed splendor to the Angkor legacy, a gem of human civilizations, he added.

Xi said China and Cambodia must work together to promote the steady and sustained progress in building the China-Cambodia community with a shared future in the new era.

He said that the two countries should bring the mutual political trust to a higher level, and expand the mutually beneficial cooperation of higher quality.

Xi urged the two countries to forge greater synergy between the Belt and Road Initiative and the Pentagonal Strategy, and advance the development of the Industrial and Technological Corridor and the Fish and Rice Corridor.

He called on both sides to work together to ensure greater security, have more frequent people-to-people exchanges, and strengthen strategic coordination of higher standards.

Xi expressed his belief that, with their joint efforts, the China-Cambodia ironclad friendship, which has been tempered through trials of time and storms of adversity, will stay true to its original purpose. China will work with Cambodia to safeguard peace, pursue development and achieve shared prosperity, to make solid progress in building the China-Cambodia community with a shared future in the new era, and to bring greater stability and certainty to this turbulent world.

Cambodia is the last leg of Xi's current five-day, three-nation Southeast Asia tour, which also includes state visits to Vietnam and Malaysia.

Xi hopes Cambodia visit to spearhead progress in building China-Cambodia community with shared future

Xi hopes Cambodia visit to spearhead progress in building China-Cambodia community with shared future

Xi hopes Cambodia visit to spearhead progress in building China-Cambodia community with shared future

Xi's signed article published in Cambodian media

Many Chinese logistics companies are ramping up their shipments for the U.S. market following the latest round of mutual tariff adjustments between China and the United States.

China and the United States announced in Geneva on Monday a series of tariff modification measures aimed at easing trade tensions between the world's two largest economies.

The decision followed a two-day China-U.S. high-level meeting on economic and trade affairs, where both sides recognized the importance of their bilateral economic and trade relationship to both countries and the global economy, a joint statement said, noting that both sides emphasized the need for a sustainable, long-term and mutually beneficial economic and trade relationship.

The latest measures have driven up the businesses of shipping companies in Shenzhen City, in south China's Guangdong Province.

In a freight forwarding company in Shenzhen, the manager said that U.S. clients are experiencing shortages of supplies and are pressuring them to expedite shipments on the next available vessels. The staff members are busy organizing export release documents, with stacks of paperwork for shipments to ports in Los Angeles, New York, and Chicago.

"Since the afternoon of May 12, our shipment volume has increased by 40 percent. By June, it should at least be doubled compared to now," said Fu Shengying, deputy general manager of Guangdong Branch of WorldEx Group.

Fuwei Community in Bao'an District, Shenzhen, is an important hub for cross-border e-commerce logistics. Recent data shows that the average daily export shipment volume here has increased by 14 percent over the past three days compared to May 11.

In another logistics company specializing in cross-border e-commerce, orders from U.S. clients have also surged. According to the company, these clients are facing low inventory and need to restock immediately. Over the past few days, the company has received more orders than during the same period in the previous years.

The company manager noted that the surge in order volume has led to increased demand for container ships. Consequently, some shipping companies are starting to adjust their capacity allocation on a global scale.

"Many shipowners had previously adjusted their capacity, but now that a large volume of cargo is suddenly coming in, there is a shortage of capacity. Consequently, freight rates are rising rapidly. Despite this, many clients are still very eager to ship their goods," said Luo Rong, general manager of Shenzhen Branch of Dewell Group.

Yantian Port in Shenzhen is the busiest shipping hub in South China for routes between China and the United States, handling over a quarter of the country's exports to the United States. To meet the surge in demand from U.S. clients, Yantian Port is now scheduling six daily sailings to the United States.

The port staff said that they have recently received inquiries from several shipping companies and are coordinating berth arrangements and schedules. They are prioritizing vessels for U.S. routes at Yantian Port.

Summer is the traditional Christmas ordering season in the United States, and due to previous export suspensions, American sellers' inventories have been declining and urgently need restocking. As a result, demand for Chinese goods is expected to keep rising in the near future.

Chinese logistics enterprises ramp up shipments after China-US tariff adjustment