Chinese investors eyeing Philippine investments

WHEN IT RAINS, it pours. More and more economic opportunities are coming to The Philippines’ shores, as a Chinese delegation met with Department of Finance (DOF) Secretary Carlos Dominguez III.

The Finance Department and delegates representing 44,000 local-level chambers of commerce discussed cooperation and investment opportunities in the country.

According to the DOF, the Chinese businessmen were looking for potential tie-ups with other business groups within the Association of Southeast Asian Nations (ASEAN).

All-China Federation of Commerce and Industry chairman Gao Yunlong was accompanied by several Chinese investors who are engaged in the fields of agriculture, tourism, energy, aerospace and aviation, and other types of businesses.

“I bring a number of Chinese entrepreneurs with me and the mission of our delegation is to seek cooperation and opportunities in the Philippines, including investments and business cooperation,” said Gao.

He said that Chinese private investments in the Philippines would help boost the nation’s economic growth and “deliver real benefits” to Filipinos through a higher number of job opportunities as well as bigger income.

Gao said that he was impressed by the Philippines’ “economic development and social prosperity” in his first visit to Manila.

via Manila Standard / Julito G. Rada