{"id":126854,"date":"2017-10-27T01:28:31","date_gmt":"2017-10-27T05:28:31","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=126854"},"modified":"2017-10-27T01:28:31","modified_gmt":"2017-10-27T05:28:31","slug":"ph-china-to-remain-worlds-fastest-growing-economies","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2017\/10\/27\/ph-china-to-remain-worlds-fastest-growing-economies\/","title":{"rendered":"PH, China to remain world\u2019s fastest growing economies"},"content":{"rendered":"

\"FILE:<\/a>
FILE: The Philippines and China are projected to continue being the fastest growing countries in the world, bolstering trade links between the two countries in the next decades, said an economist. [Public domain])<\/figcaption><\/figure>MANILA \u2014 The Philippines and China are projected to continue being the fastest growing countries in the world, bolstering trade links between the two countries in the next decades, said an economist.<\/p>\n

Prof.\u00a0 Federico Macaranas, former chairman of Asian Institute of Management\u2019s Department of Economics, said the growth momentum of Philippine and Chinese economies has already picked up and is expected to continue.<\/p>\n

\u201cChina has been growing very fast before. It slowed down, but still among the fastest. The Philippines has been growing very fast for the past four, five years and it topped the region in ASEAN,\u201d he said Thursday in an interview on the sidelines of China-Philippines dialogue.<\/p>\n

In the long term, Macaranas said China\u2019s very complex but innovative economy, together with ASEAN, can grow faster with the world.<\/p>\n

He said robust economic growths are expected to strengthen relations between the Philippines and China, particularly in the area of trade.<\/p>\n

\u201cAgriculture definitely will be one because China needs our food, natural resources. But light manufacturing might move to ASEAN and therefore China will become more in need of high level where our Philippine engineers, technicians and scientists will help,\u201d he noted during the dialogue.<\/p>\n

\u201cWe have a fresh look at our relations because of President (Rodrigo) Duterte\u2019s more open policy,\u201d added Macaranas.<\/p>\n

Ann Claire Credo-Cabochan, Director of the Department of Trade and Industry\u2019s (DTI) Bureau of International Trade Relations, said bilateral trade between the Philippines and China recorded an average year-on-year growth of 9.78 percent for the past five years.<\/p>\n

In 2016, Cabochan said China was ranked as the Philippines\u2019 second largest trading partner with total trade amounting to USD21.16 billion, the fourth export market and the first import supplier.<\/p>\n

\u201cWe, in the DTI, continue to accord high importance in further enhancing trade and investment ties between the Philippines and China, whether through bilateral, regional or multilateral mechanisms in support of the current administration\u2019s thrust towards stronger ties with our Asian neighbors,\u201d she said. (PNA)<\/p>\n","protected":false},"excerpt":{"rendered":"

MANILA \u2014 The Philippines and China are projected to continue being the fastest growing countries in the world, bolstering trade …<\/p>\n","protected":false},"author":33,"featured_media":86510,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[420,343,29699],"class_list":["post-126854","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-china","tag-philippines","tag-worlds-fastest-growing-economies","mauthors-leslie-gatpolintan","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/126854","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=126854"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/126854\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/86510"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=126854"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=126854"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=126854"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}