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BEIJING – President Ferdinand “Bongbong” Marcos Jr. on Wednesday encouraged China to continue investing in the Philippines.
During his meeting with Li Zhanshu, chairman of the Standing Committee of the National People’s Congress, Marcos said that the increased trade between the Philippines and China was “very encouraging.”
According to Marcos, his administration made some policy changes to attain more efficient policies for investors.
“We hope that China will continue to invest in the Philippines. We have, in the Philippines, made very, very big policy changes… we have made some major shifts, especially in legislation, so as to be able to restyle government into something that is more efficient and more sustainable,” Marcos said.
“[W]ith our partners and China being our largest trading partner, we feel that we must strengthen those ties and we must strengthen the cooperation,” he added.
The Philippines and China are expected to sign 10 to 14 deals during Marcos’ state visit, which was upon the invitation of Chinese President Xi Jinping.
Before leaving for China on Tuesday, Marcos said that the Asian superpower is a major source of official development assistance.
In Beijing, the President acknowledged China’s assistance to the Philippines during the COVID-19 crisis.
“As a matter of fact, it’s safe to say that China was the first country to respond and to provide vaccines and protective gear… and also some medical techniques and strategies to our country. And to that, we will never forget…it will be part of the history of the growing relations between China and the Philippines,” he said.
Marcos will return to Manila on Thursday. —VBL, GMA Integrated News
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