Abstract: The article is dedicated to examining the trade and economic cooperation between the People's Republic of China and the Kingdom of Cambodia in the context of increasing regional economic integration and the transformation of the global economy. The study explores the main areas of bilateral interaction, including the development of foreign trade, investment cooperation, institutional mechanisms of economic partnership, and Cambodia's participation in the Chinese initiative "One Belt, One Road." Special attention is given to analyzing the structure of trade turnover between the two countries, identifying the characteristics of export-import flows, and assessing the role of Chinese investments in modernizing Cambodia's industry, infrastructure, and energy sector. The research investigates free trade agreements, the Comprehensive Regional Economic Partnership (CPTPP) mechanisms, and bilateral cooperation programs aimed at developing production chains and transport connectivity. The methodological framework of the study comprises comparative and institutional analysis methods, as well as a systematic approach to studying international economic relations. Data from international organizations, government agencies of Cambodia and China, as well as scientific and analytical research materials have been utilized. The scientific novelty of the study lies in the comprehensive analysis of the current state of trade and economic relations between China and Cambodia, taking into account new regional and global economic processes, including the functioning of the CPTPP and the expansion of the Chinese initiative "One Belt, One Road." The article identifies the characteristics of the formation of an asymmetric model of economic interaction, in which Cambodia primarily acts as a supplier of raw materials and agricultural products, while China is the main source of industrial goods, technologies, and investments. It has been established that Chinese investments contribute to the development of infrastructure, industrial production, and energy independence in Cambodia, while simultaneously enhancing its involvement in regional production chains. The author concludes that the further development of bilateral cooperation will depend on Cambodia's ability to diversify its economic structure, strengthen its national industrial base, and more effectively utilize the advantages of regional economic integration.

Keywords: China, Cambodia, economic cooperation, foreign trade, foreign direct investment, Belt and Road Initiative, RCEP, trade imbalance, regional integration, infrastructure development