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Philippines pursues high-quality, good-impact projects with cooperation from China

AFTER PRESIDENT DUTERTE’S highly successful visit to China, Manila is ready to pursue more high-quality and good-impact projects with cooperation from Beijing, said Presidential Spokesman Salvador Panelo.
He said Duterte had productive and fruitful bilateral meetings with top Chinese leadership where he affirmed the commitment to friendship and understanding with China. Duterte also expressed to Chinese leaders the country’s readiness to pursue more high-quality and good-impact projects with China, Panelo said.
Duterte visited China from April 24 to 27, during which he attended the second Belt and Road Forum for International Cooperation together with many other countries’ leaders. Panelo said during the leaders’ roundtable meeting, Duterte stressed the value of nations, especially in Asia, working together with a shared goal of inclusive, equitable and sustainable growth and prosperity.
As China is the largest trading partner and a major source of foreign investments of the Philippines, economic cooperation also highlights Duterte’s visit. Panelo said Duterte witnessed the signing of multiple business agreements in Beijing between the two countries, covering a wide range of areas of investments, such as energy, infrastructure, agriculture and human resources.
“President Duterte gave his assurance to prospective foreign investors of all nationalities that the Philippine government will create an enabling environment that allows their business establishments and investments to prosper,” Panelo said. Moreover, Panelo said while in Beijing President Duterte reiterated his resolve to endeavor to make the South China Sea a sea of peace, stability and prosperity. (Xinhua)

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