Hanoi (VNA) – Chinese President Xi Jinping arrived in Manila on November 20, beginning his two-day state visit to the Philippines.
This is the first visit to the Philippines by a Chinese head of state in 13 years.
The Philippines is the last stop of Xi’s three-country Asia-Pacific tour. Earlier, he visited Papua New Guinea, where he attended the 26th Asia-Pacific Economic Cooperation Economic Leaders’ Meeting, and Brunei.
Trade between China and the Philippines has increased significantly, but data shows mostly in China’s favour.
Chinese exports to the Philippines grew 26 percent in the first nine months of 2017 from the same period a year earlier, outpacing its imports from Manila, according to the central bank of the Philippines.
Net foreign direct investment from China surged to 181 million USD for the first eight months of this year, from 28.8 million USD for all of 2017.-VNA
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