FIVE Chinese investors have shown interest in investing in the country, the Palace said Thursday as President Rodrigo Duterte thanked the Chinese government anew for “loving” the Philippines by granting financial aid.
Among the five Chinese companies who expressed their intention to pour in investments as a result of the improved diplomatic ties with Beijing were the Aviation Industry Corporation of China International Aero-development Corporation, Liaoning Bora Enterprise Group Co., Huili Investment Fund Management, Dalian Wanyang Heavy Industries, and YiDingTai International.
“These investments would generate a total of 15,500 jobs for Filipinos by 2022 in industries such as aviation, oil downstream, renewable energy, iron and steel, and shipbuilding and ship repair,” presidential spokesperson Ernesto Abella said in a Palace news briefing.
In a speech before the country’s league of councilors on Wednesday, the President said the country was reaping rewards from Xi Jinping’s “love” amid the country’s improved relationship with Beijing.
“Let me publicly again thank President Xi Jinping and the Chinese people for loving us and giving us enough leeway to survive the rigors of economic life in this planet,” Duterte said.
“They are willing to buy anything that we can sell…and they will take care of the railway from North to South, and we will begin immediately,” he added.
Beijing has committed more than $10 billion dollars after Duterte finalized with Chinese Commerce Minister Zhong Shan, who visited Tuesday some 40 joint projects agreed on during his state visit to China in October last year.