πŸ’° 'No Cambodia left': how Chinese money is changing Sihanoukville | Cities | The Guardian

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Chinese residents and visitors buy from Chinese businesses and visit Chinese restaurants and hotels, ensuring the trickle-down effect is minimal. The speed at which money is pouring in has also left local authorities in Sihanoukville with little time and resources to create regulation to manage either the dark underbelly of the Chinese casinos β€” sophisticated financial crime and money laundering β€” or the growing local discontentment. Many of the new Chinese businesspeople arriving in Sihanoukville are here to take advantage of a new China-Cambodia tax-free economic zone. This fear has fuelled rising hostility among locals towards the new influx of Chinese residents. Loading comments… Trouble loading? Cambodian workers on Chinese construction sites earn three times what they used to on local projects. It has gone up in less than a year, with construction 24 hours a day. The two communities live side-by-side in Sihanoukville but rarely interact. It will have more than 70 of them by the end of It is meant to be a 21st-century "silk road", made up of a "belt" of overland corridors including roads, bridges and railways and a maritime "road" of shipping lanes. Threads collapsed expanded unthreaded. The speed of development has left many locals unnerved. These towering skyscrapers and vast domed structures covered in flashing neon signs have transformed Sihanoukville beyond recognition in less than two years. Most popular.{/INSERTKEYS}{/PARAGRAPH} Show 25 25 50 All. This is not Las Vegas, nor is it Macau. Follow Guardian Cities on Twitter , Facebook and Instagram to join the discussion, and explore our archive here. While not directly funded by Belt and Road money, the casinos and condo complexes are a byproduct of a city that has given itself over entirely to Chinese investment. Hemming clothes outside his sewing shop in the shadow of a new Chinese casino, Seng Lim Huon says Chinese investment is widening the divide between rich and poor. Before the Chinese it was the Russians who pumped money into local resorts and restaurants. Sitting outside her family restaurant and guesthouse in Otres beach, year-old Deu Dy gestures with concern to the huge Chinese resort complex being built next door. The majority of the plus factories in the zone are run by Chinese companies, and a further mainly Chinese companies - producing consumer goods and garments β€” will be part of its ongoing expansion. Vast Chinese-run construction projects are visible across almost every area of the city and its high streets are now lined with majority-Chinese businesses and restaurants. Sihanoukville is no stranger to foreign investment. The owner wants to kick me out of my room so he can rent it to the Chinese who will pay so much more than I can afford. Kong Samol, 32, a tuk-tuk driver, is one of those losing out. More grandiose and divisive projects are cropping up by the day. Is there a grand strategy, or is it just a rebranding of existing projects? Some are benefiting from an influx of money the city has never seen before, but many are being driven out by the skyrocketing cost of living. {PARAGRAPH}{INSERTKEYS}I nside a lavishly decorated casino where chandeliers hang from the ceiling, cigarette smoke lingers in the air and platters of mango are served to gamblers, a game of baccarat is getting heated. Beyond Sihanoukville, belt and road money is financing a new highway to Phnom Penh and a bigger airport in the capital. It is Sihanoukville, a once-sleepy city in Cambodia that has become a ballooning enclave for Chinese-run casinos β€” despite gambling being banned. Is it a bid by China for world domination, or simply a move to prop up Chinese companies at home? Chinese casino owners have also taken advantage of the nonexistent gambling regulation and lax money-laundering laws to set up an empire that is accessible only to foreigners β€” because gambling is still illegal for Cambodian locals. Reuse this content. Nick Van Mead. The Chinese have money, much more money than the Cambodians, and that means they have the power here now. The transformation has also brought employment to the city. I know so many people who came here for work but have moved back to their villages because rent is impossible now. There will be no Cambodia left in Sihanoukville. For the locals, this ongoing transformation is divisive. Order by newest oldest recommendations. Like many local business owners in the city, she is regularly approached by Chinese investors wanting to buy her inn and offering her very good money. Facebook Twitter Pinterest. Sihanoukville is at the heart of this. Its wider ambitions are harder to pin down. Locals seethe when they discuss the problem of organised crime: there have been incidents of kidnappings as well as an increase in drink-driving accidents and prostitution. If China fails in Cambodia it will fail in the region. Read more: Cities of the New Silk Road. Yet with so much at stake in Cambodia, the Chinese are equally keen for the tide not to turn against Belt and Road. However, the key complaint for many in Sihanoukville is that even though Chinese investment brings wealth, it is mainly kept within their own community. Svay Sovana, 42, was among those overjoyed by Chinese investment in Sihanoukville.