Cambodia to buy Chinese satellite as relations tighten on Belt and Road Initiative

WASHINGTON —  China Great Wall Industry Corp. landed a new satellite order Jan. 11 on the back of a bilateral meeting between Chinese and Cambodian officials that included an agreement to increase trade between the two countries. The Chinese satellite manufacturer inked a “framework agreement” with the Royal Group of Cambodia, an investment firm with companies in transportation, telecommunications and other fields, to build and launch a communications satellite called Techo-1. CGWIC will also provide the launch, ground systems, arrange insurance and facilitate technology transfer for its Cambodian customer. The…

Read More