China welcomed the Philippines move to expand exports of agricultural products and said it hopes to further strengthen industrial and supply chain cooperation with Manila to develop digital trade, green trade and e-commerce, according to Wang Wentao, China s commerce minister.
China s Five-Year Plan: Implications on China-Philippine ties By Bobby M. Tuazon | chinadaily.com.cn | Updated: 2021-03-15 09:51 A cargo ship docks at Qinzhou Port in China-ASEAN Free Trade Area in Qinzhou, Guangxi Zhuang autonomous region, on July 11, 2020. [Photo/Xinhua]
China s new five-year development plan which aims to advance high-quality development and improve people s quality of life promises to lift China-Philippines economic ties. Economic relations between the two countries have seen a steady growth in recent years following the forging of a comprehensive strategic cooperation in November 2018. The level of economic ties where China has become the Philippines major trading partner and a top investor is a stable foundation for boosting the relations under Beijing s five-year development plan.