PHNOM PENH - Prime Minister Hun Sen dismissed on Thursday fears that Cambodia was falling into a Chinese "debt trap", saying its loans are low interest, low risk and were not a threat to national independence.
Hun Sen said Chinese loans were low interest and long-term, and that overall debt remained low, at 21.5% of gross domestic product .Cambodia's public debt was $7 billion as of last year, according to the Ministry of Economy and Finance, and the country had repaid 19 percent of it.
Wait until Cambodia defaults on the loans and China to take over the seaport as its Naval Military Bases that will give them military advantages in Asia and the Pacific.
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