Subscribe free to our newsletters via your
. Energy News .




TRADE WARS
Feuding China, Philippines can still do business: envoy
by Staff Writers
Manila (AFP) July 02, 2014


China and the Philippines should work to strengthen weak economic ties, Beijing's envoy to Manila has said, despite an acrimonious maritime dispute.

"It is imperative and essential that the two countries focus (on) things that can unite us, focus on things that can promote common prosperity for both countries," ambassador Zhao Jianhua told Filipino businessmen in a speech late Tuesday.

Manila accuses Beijing of illegally claiming South China Sea islets and waters within the Philippines' continental shelf, and has asked a United Nations tribunal to declare the actions as against international law.

The speech did not touch on the maritime dispute, but Zhao observed that economic ties had lagged behind those between China and the rest of Southeast Asia.

It echoed Philippine President Benigno Aquino's oft-expressed view that the South China Sea dispute did not constitute the "totality" of their relationship.

Zhao said Filipino firms have invested more in China than Chinese companies have in the Philippines.

But Filipino farm exports to China were insignificant, and Chinese tourist arrivals in the Philippines were dwarfed by Chinese visiting Malaysia and Thailand.

Total bilateral trade last year reached $16.39 billion, making mainland China the Philippines' number three trading partner.

But while Chinese firms invested more than $90 billion abroad in the same period, less than two percent of that reached the Philippines, Zhao said.

"You'll be surprised that the Philippines is investing more in China than what China is investing in the Philippines."

As the Chinese economy shifts from being "the world's factory" to one led by domestic consumption, Zhao said manufacturers would move operations to Africa and other parts of Asia.

"There is a good opportunity for the Philippine side to receive some of our good-quality manufacturing investments," he said.

China also wants to invest more in Philippine infrastructure and energy projects, he added.

Zhao said mainland Chinese tourist arrivals in the Philippines, which rose 70 percent to just under half a million people last year, were puny compared to Malaysia's four million Chinese visitors and about three million to Thailand.

"Can you imagine if you attract one or two million Chinese tourists? That will instantly boost the tourism industry in the Philippines," Zhao said.

"But we're glad that despite the difficulties we're having, the Chinese tourists are still attracted" to the Philippines.

.


Related Links
Global Trade News






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News





TRADE WARS
China opens tea, yachts to foreigners in free trade zone
Shanghai (AFP) July 01, 2014
Shanghai has trimmed the list of what is banned in China's first free trade zone, opening a few more areas to foreign participation, it said Tuesday, following disappointment over the new FTZ. The Shanghai government released a new "negative list" of what is barred in the zone, cutting the number of items from 190 to 139, according to the document posted online. The FTZ in China's commer ... read more


TRADE WARS
Malware aims at US, Europe energy sector: researchers

Net energy analysis should become a standard policy tool

New voluntary measure aimed at protecting U.S. energy from cyberattacks

Zimbabwe switches $1.3 bn China power tender: minister

TRADE WARS
Israeli companies order Aura's power generation system

Study helps unlock mystery of high-temp superconductors

Cambridge team breaks superconductor world record

Researchers developing cheap, better-performing lithium-ion batteries

TRADE WARS
VentAir Introduces Groundbreaking Wind Energy Innovation

Offshore wind dominates British renewable power sector

Scotland boasts of financial weight behind climate change fight

Massachusetts to host sixth U.S. lease for offshore wind energy

TRADE WARS
SCIGRIP Solar Boat Successfully Completes Sea Trials

KYOCERA's Accumulated Solar Module Production Exceeds 5GW

Q CELLS and Martifer Solar Team Up in 30 MW Module Supply

Solar Supply Chain Revenue Expected Grow 24 Percent 2nd Half of 2014

TRADE WARS
Angry scenes as Japan's TEPCO shareholders demand end to nuclearw

Fukushima operator eyes wholesale power market in Europe: report

Westinghouse Extends New-plant Market with Specialized Seismic Option

Single Optical Fiber Combines 100s Of Sensors To Monitor Harsh Environments

TRADE WARS
A Win-Win-Win Solution for Biofuel, Climate, and Biodiversity

Water-cleanup catalysts tackle biomass upgrading

In Austria, heat is 'recycled' from the sewer

Genome could unlock eucalyptus potential for paper, fuel and fiber

TRADE WARS
Chinese lunar rover alive but weak

China's Jade Rabbit moon rover 'alive but struggling'

Chinese space team survives on worm diet for 105 days

Moon rover Yutu comes closer to public

TRADE WARS
No further action on climate change could cost billions, EU says

Report sees hefty cost of climate change on US economy

Differing patterns of climate change in the North and South

Al Gore joins Australian mining tycoon in climate change plan




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.