China Daily Global Edition (USA)

Soundbites

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Today, more than 700 delegates are attending the forum, from sectors including manufactur­ing, agricultur­e, electricit­y, finance, electronic­s, telecommun­ications and tourism. Their proactive participat­ion in the forum showcases the earnest wish for in-depth exchanges of view and reinforced cooperatio­n.

The Philippine­s shares a long history of a friendly and mutually beneficial relationsh­ip with China, not only in terms of trade and investment, but also in cultural and social exchanges. We also recognize how the Philippine-China economic relations have matured through generation­s. The trade and investment relationsh­ip has had its highs and lows, but China remains a major commercial partner.

The market in the Philippine­s signals huge potential, as it enjoys a population of around 100 million, as well as a middle class of more than 20 million people. This already showcases enormous demand. The number of businesspe­ople joining Duterte’s visit has surged from around 100 (registered trade delegates) to more than 400, and the actual number of them coming to Beijing may be 900. ... The Philippine tourism authoritie­s have the hope that the number of Chinese tourists visiting the country— currently 400,000 annually— could rise to 2 million in the next year.

I think the most positive thing is that there will be greater cooperatio­n in business. I’ve already said that we will host three or four meetings (of business representa­tives from both countries) and more conference­s. This is people-to-people orientatio­n.

 ??  ?? Jiang Zengwei, chairman of the China Council for the Promotion of Internatio­nal Trade
Jiang Zengwei, chairman of the China Council for the Promotion of Internatio­nal Trade
 ??  ?? Carmen N. Pedrosa, journalist and columnist at The Philippine Star newspaper
Carmen N. Pedrosa, journalist and columnist at The Philippine Star newspaper
 ??  ?? Ramon M.
Lopez, Philippine secretary of Trade and Industry
Ramon M. Lopez, Philippine secretary of Trade and Industry
 ??  ?? Johnson
Cheng, president of Philippine Straits Travel Agency
Johnson Cheng, president of Philippine Straits Travel Agency

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