Philippine President duterte: thanks to China!

The 17th China ASEAN Expo and China ASEAN Business and Investment Summit opened in Nanning, Guangxi on November 27, according to the Beijing daily. This year marks the 10th anniversary of the establishment of China ASEAN Free Trade Area and the year of China ASEAN digital economic cooperation. It also coincides with the signing of the regional comprehensive economic partnership agreement with ASEAN as the core. At the opening ceremony, eight foreign leaders including Laos and the Philippines delivered video speeches. “This important annual event is crucial to strengthening the multilateral relations between China and ASEAN countries, especially at a time when we are facing the challenges and uncertainties of economic recession brought about by the new epidemic,” Philippine President duterte said. The Philippines is grateful for China’s substantial investment in the region in the areas of trade, infrastructure, telecommunications and transportation, which have promoted economic integration, increased productivity and consolidated financial stability in the region. Let us further strengthen friendly cooperation among countries and realize the goal of regional comprehensive economic partnership under the blueprint of 2030 vision of China ASEAN strategic partnership. Please believe that the Philippines has always been a firm partner in promoting the common prosperity of the China ASEAN economic community. ”