China becomes No.1 trading partner with Philippines in Q1

Updated 2017-05-25 14:30:31 Global Times

China passed Japan to become the largest trading partner with the Philippines in the first quarter, a Chinese official said Wednesday during a conference of entrepreneurs from both countries.

China and the Philippines have achieved greater economic and trade cooperation since Philippine President Rodrigo Duterte visited China in October 2016, said Jin Yuan, commercial counselor of the Chinese Embassy in the Philippines.

Duterte also attended the Belt and Road Forum for International Cooperation held in Beijing in May.

From January to April, China's trade with the Philippines rose by 16 percent year-on-year to 103.4 billion yuan (.04 billion), customs data showed on May 8.

Jin also noted that agricultural exports from the Philippines to China, such as bananas and mangos, increased sharply in the first quarter.

He also disclosed that the value of projects contracted by Chinese companies in the Philippines has exceeded billion.

At the conference, enterprises from South China's Guangxi Zhuang Autonomous Region signed several contracts with companies from the Philippines, including strategic cooperation agreements for a port and a hydropower project.

The Philippines' other major trading partners are the U.S., Singapore and South Korea.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58September 21 2018 11:40:48

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16September 21 2018 11:40:48

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18September 21 2018 11:40:48

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

China World Business Sports Showbiz Audio
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
China World Fun Travel Entertainment Sports
Beijing Shanghai Guangzhou
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords