{"id":244981,"date":"2020-02-15T02:19:17","date_gmt":"2020-02-15T07:19:17","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=244981"},"modified":"2020-02-15T02:19:17","modified_gmt":"2020-02-15T07:19:17","slug":"ph-hopes-for-chinas-recovery-from-covid-19-outbreak-nograles","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2020\/02\/15\/ph-hopes-for-chinas-recovery-from-covid-19-outbreak-nograles\/","title":{"rendered":"PH hopes for China\u2019s recovery from Covid-19 outbreak: Nograles"},"content":{"rendered":"
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Nograles said the Duterte government was confident that China will overcome the challenges brought about by the Covid-19 outbreak. (File photo<\/a>: PTV\/Facebook<\/a>)<\/figcaption><\/figure>\n

MANILA<\/strong>\u00a0\u2013 The Philippines expressed hope that China will be able to recover from the epidemic of the coronavirus disease 2019 (Covid-19), Cabinet Secretary Karlo Nograles said Friday.<\/p>\n

\u201cWe obviously recognize China as one of the leading trade partners of the Philippines. And we hope that China will be able to get back to its usual business, even given the challenges that your country is facing right now,\u201d Nograles told reporters in a Laging Handa press briefing.<\/p>\n

More than 1,000 people have died due to Covid-19 that originated in Wuhan City, China, while nearly 60,000 others have already been infected by the virus.<\/p>\n

To date, the virus has spread to more than 20 countries.<\/p>\n

China\u2019s economic growth is seen to be at its slowest pace from January to April 2020 period due to the Covid-19 outbreak, according to the Feb. 7 to 13 Reuters poll of 40 economists based in mainland China, Hong Kong, Singapore, Europe, and the United States.<\/p>\n

Reuters\u2019 poll revealed that China\u2019s annual economic growth in the first quarter in 2020 is predicted to decline to 4.5 percent from six percent in the fourth quarter of 2019.<\/p>\n

\u201cThe drop was expected to drag down the full-year growth rate in 2020 to 5.5 percent from 6.1 percent in 2019, its weakest since at least 1900 when comparable records began,\u201d the report read.<\/p>\n

Reuters, however, noted that economists remain optimistic that China\u2019s economy would bounce back by the second quarter of the year, which is forecast to have a 5.7 percent growth rate.<\/p>\n

Nograles said the Duterte government was confident that China will overcome the challenges brought about by the Covid-19 outbreak.<\/p>\n

He stressed that the sooner that China overcomes the challenges, the \u201cbetter\u201d for the rest of the world because \u201cChina is the leading trade partner for the different countries as well, not just the Philippines.\u201d<\/p>\n

\u201cAnd speaking for the Philippines, I think it\u2019s important that we all support China getting back on its feet. It\u2019s also important that we continue our good relations in terms of economic trade and beneficial relations for both of the countries,\u201d Nograles said.<\/p>\n

The Philippines\u2019 relationship with China has improved under the watch of President Rodrigo Duterte.<\/p>\n","protected":false},"excerpt":{"rendered":"

MANILA\u00a0\u2013 The Philippines expressed hope that China will be able to recover from the epidemic of the coronavirus disease 2019 …<\/p>\n","protected":false},"author":44,"featured_media":241826,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,95],"tags":[],"class_list":["post-244981","post","type-post","status-publish","format-standard","has-post-thumbnail","category-news","category-news-ph","mauthors-ruth-abbey-gita-carlos","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/244981","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=244981"}],"version-history":[{"count":1,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/244981\/revisions"}],"predecessor-version":[{"id":244982,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/244981\/revisions\/244982"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/241826"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=244981"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=244981"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=244981"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}