Philippines seen growing faster than China

The Philippine economy may grow at a faster pace than China in the coming years because of its strong fundamentals, according to Standard Chartered Bank.

In an economic briefing, Marios Maratheftis, global head for the Macro Research of Standard Chartered Bank, said that the bank has been quite positive for the Philippines as it projected a 6.9-percent growth for the country this year before settling to 7 percent in 2015.