29 Aug '11, 8am

Philippine president leads business delegation to China - Channel News Asia

Philippine president leads business delegation to China - Channel News Asia

MANILA: Philippine President Benigno Aquino will lead some 300 businessmen when he visits China from Tuesday. Mr Aquino's state visit comes amid the ongoing tensions in the Spratly Islands, and the anniversary of the Manila bus hostage tragedy that killed eight Hong Kong tourists. Trade and investments will be the main agenda of President Aquino during his visit to China. Among the trade agreements to be signed is a five-year development programme for trade and economic cooperation between the two countries. It will focus on infrastructure, mining, energy, information and tourism, which will generate US$60 billion in investments for the Philippines. Liu Jianchao, Chinese Ambassador to the Philippines, said: "The President said last year that the Philippine economy is taking off and China is ready and willing to add power to the wings of the Philippine economy. So this is a...

Full article: http://www.channelnewsasia.com/stories/southeastasia/view...

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