Chinese money flocks to dollar-based Cambodian economy

Phnom Penh starting to seek economic growth based on national currency

20191127 Cambodia dollar

Cambodia's own currency only accounts for 20% of money used in the nation. (Photo by Rie Ishii)

TORU TAKAHASHI, Editor-in-Chief, Editorial Headquarters for Asia

BANGKOK -- It may be surprising to know that Cambodia's economy boasts the highest growth rate in Southeast Asia, the region seen as the engine of the global economy.

Many people may consider Vietnam to be growing more strongly than other members of the Association of Southeast Asian Nations, with it drawing much attention as a destination for Chinese manufacturing operations amid the U.S.-China trade war.

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