China wants to boost economic ties with PH

Rappler.com

Jay Directo/AFP

It’s time to strengthen the weak economic links between the Philippines and China, Beijing’s envoy to Manila said, noting that the Philippines has been investing more in China than the other way around. “It is imperative and essential that the two countries focus (on) things that can unite us, focus on things that can promote common prosperity for both countries,” ambassador Zhao Jianhua told Filipino businessmen in a recent speech. The speech did not dwell on the maritime dispute between both countries. Instead Zhao said the economic ties between China and Southeast Asia has lagged behind those between the Asian giant and other regions. Total bilateral trade last year reached $16.39 billion, making mainland China the Philippines’ number 3 trading partner.

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