A Chinese delegation representing 44,000 local-level chambers of commerce met with Finance Secretary Carlos Dominguez III to discuss cooperation and investment opportunities in the Philippines.
The Finance Department said over the weekend the Chinese businessmen were looking for possible tie-ups with other business groups within the Association of Southeast Asian Nations.
Gao Yunlong, chairman of the All-China Federation of Commerce and Industry, was accompanied by several Chinese investors engaged in the fields of aerospace and aviation, agriculture, energy, hotels, tourism and other businesses.
Gao said Chinese private investments in the country would help fuel the Philippines’ economic growth and “deliver real benefits” to Filipinos in the form of more job opportunities and higher income.
Gao said he was impressed by the Philippines’ “economic development and social prosperity” in his first visit to Manila.
“I bring a number of Chinese entrepreneurs with me and the mission of our delegation is to seek cooperation and opportunities in the Philippines, including investments and business cooperation,” said Gao, who is also vice chairman of the national committee of the Chinese People’s Political Consultative Conference.
