The China market has the potential to be worth over A billion (.31 billion) by 2020, he added.
The Chinese company termed the new development as historic for the east African country.
The Cambodian top diplomat said the signing ceremony on Thursday was undoubtedly a piece of concrete evidence that the LMC is moving from strength to strength, saying that although these projects are small, their impact for the sub-region is significant.
The Chinese capital sees an average increase of over 500 people at or above the age of 60 each day and a daily rise of about 120 people at or above the age of 80. The number of registered residents who are aged 60 or above in Beijing is expected to exceed 3.8 million by 2020.
The China-Europe freight train service, as a land transportation artery like a contemporary railway version of camel caravans, has played an important role in keeping logistics unimpeded and ensuring a stable supply of materials to China, Europe and countries along the routes, said Zhao Lijian, a Chinese foreign ministry spokesperson, in August.
The Chinese economy has maintained steady and sound growth, according to latest figures released by the National Bureau of Statistics. International institutions believe China's efforts to effect progressive economic rebalancing bring bright prospects for its economy.
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The Chinese economy has maintained its steady growth momentum in the first quarter of this year, as major economic indicators pointed to stronger domestic demand and good coordination between the growth of the industrial and service sectors, according to a statement released after a meeting of the Political Bureau of the CPC Central Committee.
The Chinese government attaches great importance to the issue of employment, and takes employment as the first priority in the task of improving people's livelihoods and ensuring the stability of the society.
The Chinese economy is drawing support from strong sources of cyclical resilience in early 2017, Stephen Roach, a senior fellow at Yale University, wrote in July, citing the fast growth of exports.
The Chinese capital has become a national ACG industry hub. Several popular game finals were held in Beijing last year such as the League of Legends and King of Glory.