CHINESE Ambassador to Manila Huang Xilian said on Thursday that China is the Philippines’ largest trading partner and has been so for eight consecutive years.
The envoy said the Chinese and the Philippine economies are both “part of the global value, industrial, and supply chains.”
“We have formed a deeply intertwined pattern of interests,” Huang said at the 11th Manila Forum for Philippines-China Relations.
CHINESE Ambassador to Manila Huang Xilian
CHINESE Ambassador to Manila Huang Xilian
“For the world, the next China is still China. China’s development cannot be separated from the world, while the development of the world cannot happen without China,” he said.
Huang added, “Talking down on China will only backfire, and misjudging China will only squander opportunities.”
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The ambassador said Chinese investments in the Philippines have also “maintained rapid growth,” making China one of the country’s largest sources of investment.
He said that according to the 2023 report from the Philippine Statistics Authority, the Philippines total import and export volume of foreign trade was about $200 billion, “a year-on-year decrease of 8 percent.”
“The trade volume between the Philippines and other major trading partners has significantly decreased, while China-Philippines trade continues to rise in defiance of the trend, reaching a total of $40 billion, a year-on-year increase of 2.7 percent,” he said.
Huang said that despite different national conditions and systems, Beijing and Manila “pursue similar development goals, complement each other’s strengths, and have enormous potential for mutually beneficial cooperation.”
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