Chinese traders eye PH investments

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MANY Chinese firms have expressed commitment to invest in the Philippines, especially in transportation, to take advantage of the country’s dynamic economic growth, a Chinese official said Tuesday.

Wu Zhengping, director general of the Department of Asian Affairs of China’s Ministry of Commerce, said the warming bilateral relations

Between the Philippines and China has paved the way for improved cooperation.

“The enthusiasm and sincerity of the Chinese companies [on the Philippines]is very big,” he said in a news briefing at the Chinese Embassy in Makati City. “The Philippines enjoys high speed of economic growth. This is an attraction for Chinese businessmen to invest here.”


Just last week, he disclosed, at least eight Chinese firms visited Manila and Davao City to sign contracts to import 100,000 metric tons of Philippine fruits, including bananas, pineapples and mangoes.

Wu disclosed he just had “successful” meetings with officials from the National Economic and Development Authority, Department of Trade and Industry, Department of Public Works and Highways and Department of Transportation, and the Department of Trade and Industry about “priority projects.”

“China and the Philippines are good neighbors and friends for centuries. The cooperation between China and the Philippines is for mutual benefits,” Wu said. MICHAEL JOE T. DELIZO

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