A SENIOR Chinese official said Saturday that China and the Philippines enjoy broad prospects of pragmatic cooperation, urging the two countries to grasp the opportunity to deepen and enlarge bilateral cooperation.
“Bilateral trade between China and the Philippines, against the backdrop of declining global trade, increased by 3.4 percent last year over the year before, accounting for 15.4 percent of Pilippines’s total foreign trade,” Chinese Vice Premier Wang Yang told a Sino-philippine economic and trade forum in Manila.
China has become the Philippines’ second-largest trading partner. The Philippines’s exports of fruits to China have been growing rapidly.
Since 2016, investments by Chinese companies in the Philippines have increased 47 percent.
Wang said infrastructure is the top priority of the Philippine Government and the priority area of cooperation, adding China is willing to take part in the construction and operation of it.
Wang noted that the two sides has a promising future in cooperation of manufacturing and investment. “We should also enlarge our cooperation in areas concerning people’s livelihood,” Wang told the forum.
Wang calls both countries to deepen exchanges and cooperation in areas such as education, science, culture, among others.
Wang said that although the two countries have experienced up and downs in bilateral relations, good-neighborly friendship and mutually beneficial cooperation is always the mainstream. (Xinhua)