• By The Financial District

CHINA FORGES CLOSER RELATIONSHIP WITH PHILIPPINES

Updated: Jul 24, 2020

China vowed to have more cooperative projects in the Philippines to “provide strong impetus to the local economic recovery and improvement of people’s livelihood .”

This was stressed by Chinese Ambassador to the Philippines Huan Xilian as he noted that the year 2020 marks the 45th anniversary of the establishment of diplomatic ties between the two countries.


This year, too, provided the backdrop to the profound friendship “between our two countries, he said, pointing to the common battle against the Covid 19 pandemic.


When #COVID-19 vaccine is developed and put into use, #China will give priority to providing it to the #Philippines as a global public good, he added.


He cited Chinese statistics that show that bilateral trade reached $19.37 billion dollars in the first five months of this year, and China remains the largest trading partner of the Philippines. China's direct investment in the Philippines reached $18.25 million, up 82.5 percent year-on-year.