[Chinese enterprises to build! Construction starts on Kimba Road in Cambodia]On the morning of June 7, 2023, the construction ceremony of the highway project from Phnom Penh to Pakuah City in the province of Sah Rieng was held in Kandan Province, Cambodia, attended by nearly 7,000 Cambodian people. The Jinba Expressway is invested and constructed by China Road and Bridge Engineering Co., LTD. The main highway project is 135.1 km long, two-way four lanes, and the design speed is 100 km/h. The construction period of the Gimba Expressway project is four years, and after completion, it will be operated by China Road and Bridge for 50 years before being handed over to Cambodia. During the construction period of the Jimba Expressway project, it is expected to directly employ more than 5,000 Cambodian local employees and create nearly 10,000 local jobs. Editor/Xue Ma
On February 28, 2026, the security risks in the Middle East continued to rise, with the United States, the United Kingdom, France, and others withdrawing non essential personnel from Iran and Israel, and multiple countries issuing travel bans. The Chinese Ministry of Foreign Affairs reminds citizens not to travel to Iran temporarily and to evacuate personnel in Iran as soon as possible. Regional tensions have pushed up international energy prices, and global market risk aversion has intensified.Editor/Bian Wenjun
The People's Bank of China announced that from March 2, 2026, the foreign exchange risk reserve ratio for forward foreign exchange sales business will be reduced from 20% to 0. This move will significantly reduce the cost of currency hedging for foreign trade enterprises, support the stable development of the real economy, promote the smooth operation of the foreign exchange market, and release the policy intention of stabilizing foreign trade and expectations.Editor/Bian Wenjun