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.
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