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Manila Bulletin devider Philippines devider National devider Chinese investors now more confident in PH — envoy

Chinese investors now more confident in PH — envoy

Published Oct 22, 2022 04:35 pm

Chinese companies are now more confident in investing in the Philippines as the country's business community continues to improve.

This was according to Chinese Ambassador to the Philippines Huang Xilian, who said Friday that Chinese investors "have shown increasing confidence in the economic prospects" of the country.

This development happened in just President Ferdinand Marcos Jr.'s first 100 days in the office, he added in his Facebook post.

Photo courtesy of Chinese Ambassador to the Philippines Huang Xilian

With China being the Philippines' top trading partner and export market, Huang said the Chinese government is "ready to further its cooperation with the Philippines."

In particular, Huang added, China could explore with the Philippines more partnership in the four key areas of agriculture, infrastructure, energy and people-to-people exchanges, which were the key focus of Marcos' recent meeting with China's State Councilor and Foreign Minister Wang Yi.

"As a Chinese proverb reads, 'The going may be tough when one walks alone, but it gets easier when people walk together,'" the envoy said.

"It's time for us to jointly forge firmer and more prosperous China-Philippines economic ties," he added.

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