Source: http://www.chinatradenews.com.cn/shangmao/201806/26/c24683.html

China Trade News Author: Zhang Weilun newspaper reporter intern reporter Zhang Hai Su 2018-06-26

When the Philippines was mentioned, many people would think of President Arroyo, who was riding politics in those days. During her tenure in office, she spoke highly of the relationship between ASEAN and China and believed that China has played an active role in safeguarding and promoting stability and economic development in the Asia Pacific region. China’s development is a great opportunity for ASEAN. Today, although she no longer serves as the president of the Philippines, Arroyo, as the current congressman (representing the second largest region in the province of Pampanga), is still concerned about the good-neighborly friendship between China and the Philippines and devotes herself to promoting bilateral cooperation in various fields. “When I took office as president, I paid great attention to strengthening the economic and trade ties between the Philippines and China. Today, China’s achievements in development have attracted worldwide attention. The Philippines should also deepen cooperation with China.” Arroyo recently accepted the “China Trade Report” during her visit to China. In an exclusive interview with the reporter, the Philippines stated that the Philippines is vigorously developing tourism and humanities exchanges. Currently, there is a huge demand for the technology industry and infrastructure construction.

The majority of delegations with Arroyo’s visit to China came from the province of Pampanga, Philippines. The main purpose of this trip was to promote more investment projects in Pampanga Province and the construction of the Kraka Industrial Park. “Bangkok Province is closer to China and has the advantage of developing trade and investment with China in its location.” According to Arroyo, Pampanga Province currently hopes that Chinese companies will invest in industrial parks, hotel construction, and public-private partnership projects. The local government will also give some support to foreign investors in these areas. In addition, Arroyo also hopes that this trip will help China and the Philippines to better communicate in tourism, culture and art.

“Of course, the trade and investment exchanges between China and the Philippines must ultimately be implemented in the open cooperation of bilateral enterprises. Therefore, the expansion of corporate exchanges is also the focus of our current visit to China.” Arroyo believes that China and the Philippines are in the process of industrial development. With great complementarity, cooperation between the two countries in infrastructure construction, trade, tourism, agriculture, and poverty alleviation in recent years is making great strides.

The reporter was informed that the economic growth in the Philippines in recent years has relied more on domestic consumption driven by overseas remittances and exports of services related to it, and the lack of manufacturing and infrastructure development. These are the advantages of China. To make up for this “shortcoming”, the Philippines is transforming its economic growth mode through the development of industrial parks, which provides greater opportunities and cooperation for foreign investment.

“The Philippines is full of business opportunities. We sincerely hope that more and more Chinese companies can visit the Philippines to explore more business opportunities and further stimulate the development of the Philippines.” Arroyo introduced the advantages of developing industrial parks in Pampanga Province. She told reporters that Pampanga Province is only 7 kilometers away from Manila, the Philippine capital. It has a relatively low population density and has large open areas. The construction of industrial parks here has a natural advantage.

It is understood that in recent years the Philippines is vigorously promoting the development of tourism in Pampanga Province. “Three years ago, there were relatively few tourists coming here. Today, there are already millions of Chinese tourists coming to visit here.” Arroyo said that the rise of the tourism industry in the province has led to the development of hotels, hotels and other facilities. Construction, and many of these are worthy of participation by Chinese companies.

In addition to the development of Pampanga Province, Arroyo also highlighted the promotion of the Cagayan Special Economic Zone. “Currently, the special economic zone is not only developing tourism and service industries, but also developing light industries such as clothing and food, and is also attracting foreign investment in heavy industry and high-tech industries.” Arroyo told reporters that the special economic zone in Cagayan has Rich in iron, nickel and other mineral resources, the local construction of the factory can draw on the spot, effectively save the logistics and other transportation costs. At the same time, the Philippines is rich in labor resources and has obvious cost advantages. The locals are proficient in English, which has advantages in the development of light and medium-sized industries and processing and manufacturing industries. 

Talking about China’s “One Belt and One Road” initiative, Arroyo expressed her interest with interest and made a metaphor for reporters in computer terms: “The current people of the two countries are increasingly buying each other’s national products, bilaterally. Investment is increasing, which is equivalent to computer software, but only if the software is obviously not enough, there must be infrastructure and other hardware support, so the construction of ‘Belt and Road’ can play a very important role. On this platform, the Philippines can look for more. More Chinese help.”

Regarding the current urgently needed infrastructure construction in the Philippines, Arroyo suggested that China and the Philippines can carry out a public-private partnership model in this area. She believes that although there are many cooperation projects under the “Belt and Road” framework, concrete implementation concepts and construction plans still need improvement. Chinese private companies entering the Philippines can start from their own needs and seek to integrate with the local government’s public goals. Both sides jointly invest resources such as funds, personnel, equipment, and information to make the project better and faster to implement.

In response to the current global trade situation, Arroyo also expressed her opinion. “I always believe that the development of global trade is beneficial to the economic growth of all countries. One of the reasons why current trade protectionism and anti-globalization trends are rising is that relevant countries tend to focus only on their own interests.” Arroyo hopes that the United States is currently engaged in international trade negotiations. The tough position shown is only a negotiation strategy, not a real one, because playing a trade war is not a good thing for all countries in the world, including the United States.

 

Editor: Zhou Dongyang

When the Philippines was mentioned, many people would think of President Arroyo, who was riding politics in those days. During her tenure in office, she spoke highly of the relationship between ASEAN and China and believed that China has played an active role in safeguarding and promoting stability and economic development in the Asia Pacific region. China’s development is a great opportunity for ASEAN. Today, although she no longer serves as the president of the Philippines, Arroyo, as the current congressman (representing the second largest region in the province of Pampanga), is still concerned about the good-neighborly friendship between China and the Philippines and devotes herself to promoting bilateral cooperation in various fields. “When I took office as president, I paid great attention to strengthening the economic and trade ties between the Philippines and China. Today, China’s achievements in development have attracted worldwide attention. The Philippines should also deepen cooperation with China.” Arroyo recently accepted the “China Trade Report” during her visit to China. In an exclusive interview with the reporter, the Philippines stated that the Philippines is vigorously developing tourism and humanities exchanges. Currently, there is a huge demand for the technology industry and infrastructure construction.

 

The majority of delegations with Arroyo's visit to China came from the province of Pampanga, Philippines. The main purpose of this trip was to promote more investment projects in Pampanga Province and the construction of the Kraka Industrial Park. “Bangkok Province is closer to China and has the advantage of developing trade and investment with China in its location.” According to Arroyo, Pampanga Province currently hopes that Chinese companies will invest in industrial parks, hotel construction, and public-private partnership projects. The local government will also give some support to foreign investors in these areas. In addition, Arroyo also hopes that this trip will help China and the Philippines to better communicate in tourism, culture and art.
 
"Of course, the trade and investment exchanges between China and the Philippines must ultimately be implemented in the open cooperation of bilateral enterprises. Therefore, the expansion of corporate exchanges is also the focus of our current visit to China." Arroyo believes that China and the Philippines are in the process of industrial development. With great complementarity, cooperation between the two countries in infrastructure construction, trade, tourism, agriculture, and poverty alleviation in recent years is making great strides.

 

The reporter was informed that the economic growth in the Philippines in recent years has relied more on domestic consumption driven by overseas remittances and exports of services related to it, and the lack of manufacturing and infrastructure development. These are the advantages of China. To make up for this “shortcoming”, the Philippines is transforming its economic growth mode through the development of industrial parks, which provides greater opportunities and cooperation for foreign investment.
 
“The Philippines is full of business opportunities. We sincerely hope that more and more Chinese companies can visit the Philippines to explore more business opportunities and further stimulate the development of the Philippines.” Arroyo introduced the advantages of developing industrial parks in Pampanga Province. She told reporters that Pampanga Province is only 7 kilometers away from Manila, the Philippine capital. It has a relatively low population density and has large open areas. The construction of industrial parks here has a natural advantage.
 
It is understood that in recent years the Philippines is vigorously promoting the development of tourism in Pampanga Province. “Three years ago, there were relatively few tourists coming here. Today, there are already millions of Chinese tourists coming to visit here.” Arroyo said that the rise of the tourism industry in the province has led to the development of hotels, hotels and other facilities. Construction, and many of these are worthy of participation by Chinese companies.

 

In addition to the development of Pampanga Province, Arroyo also highlighted the promotion of the Cagayan Special Economic Zone. “Currently, the special economic zone is not only developing tourism and service industries, but also developing light industries such as clothing and food, and is also attracting foreign investment in heavy industry and high-tech industries.” Arroyo told reporters that the special economic zone in Cagayan has Rich in iron, nickel and other mineral resources, the local construction of the factory can draw on the spot, effectively save the logistics and other transportation costs. At the same time, the Philippines is rich in labor resources and has obvious cost advantages. The locals are proficient in English, which has advantages in the development of light and medium-sized industries and processing and manufacturing industries.
 
Talking about China’s “One Belt and One Road” initiative, Arroyo expressed her interest with interest and made a metaphor for reporters in computer terms: “The current people of the two countries are increasingly buying each other’s national products, bilaterally. Investment is increasing, which is equivalent to computer software, but only if the software is obviously not enough, there must be infrastructure and other hardware support, so the construction of 'Belt and Road' can play a very important role. On this platform, the Philippines can look for more. More Chinese help."

 

Regarding the current urgently needed infrastructure construction in the Philippines, Arroyo suggested that China and the Philippines can carry out a public-private partnership model in this area. She believes that although there are many cooperation projects under the “Belt and Road” framework, concrete implementation concepts and construction plans still need improvement. Chinese private companies entering the Philippines can start from their own needs and seek to integrate with the local government's public goals. Both sides jointly invest resources such as funds, personnel, equipment, and information to make the project better and faster to implement.
 
In response to the current global trade situation, Arroyo also expressed her opinion. “I always believe that the development of global trade is beneficial to the economic growth of all countries. One of the reasons why current trade protectionism and anti-globalization trends are rising is that relevant countries tend to focus only on their own interests.” Arroyo hopes that the United States is currently engaged in international trade negotiations. The tough position shown is only a negotiation strategy, not a real one, because playing a trade war is not a good thing for all countries in the world, including the United States.
 
 
 
Editor: Zhou Dongyang