Chinese firms have 'big enthusiasm' to invest in Philippines
{{#rendered}} {{/rendered}}A Beijing trade official says Chinese companies have "very big" enthusiasm about investing in railways and airports and other major infrastructure projects in the Philippines, and his government will encourage them to build an industrial park.
Visiting Chinese commerce official Wu Zhengping said Tuesday that China and the Philippines have agreed to hold a meeting of a joint trade and economic commission early next year and sign a six-year plan to boost trade and investment.
Wu said the joint trade commission has not met for five years.
{{#rendered}} {{/rendered}}A territorial conflict between China and the Philippines worsened during that period but relations have started to improve after President Rodrigo Duterte took office in June and reached out to China while taking an antagonistic stance toward treaty ally the United States.