Top Chinese exec welcomes Zambo to China-ASEAN Expo PDF Print E-mail
Wednesday, 13 May 2015 18:22

By VIC LARATO

A ranking Chinese embassy official recently welcomed the participation of Zamboanga City to the 12th China-Association of Southeast Asian Nations (China-ASEAN) Exposition scheduled this coming September in the South China City of Nanning.

First Secretary Wang Yang, of the Economic and Commercial Office, Embassy of China in the Philippines, said Zamboanga has something to offer to the ASEAN markets.

“As I know, Zamboanga produces most of the world’s supply of carrageenan made from the seaweeds. Zamboanga is the Sardines Capital of the Philippines. It is one of flagship tourism destinations in the country,” Wang said during the 12th CAExpo promotional conference last May 7-8 at Centro Latino.

Wang said Zamboanga, as a City of Charms of the Philippines, will be surely shining in this year’s CAExpo and will also benefit from being part of it.

“You are most welcome to CAExpo to promote Zamboanga and your products, to find Chinese business partners. The Chinese Embassy will facilitate your trip to Nanning,” Wang told the 23 local product exhibitors who participated in the two-day China-ASEAN Expo promotional conference, which the city Investment Promotion Services Office had facilitated.

In his message, Secretary Wang stressed that China and the Philippines are close neighbors. “Both our countries achieved considerable economic growth in the past years. China is the 2nd biggest economy in the world, and the Philippines is among the fastest growing economies in Asia.”

“The Philippine population now exceeded 100 million. Together with China’s, we have a huge market of 1.4 billion people. Our two economies are strongly complementary and have same goals to achieve the inclusive growth,” Wang further said, claiming he was glad to mention that trade between two countries has been increasing year by year.

In 2014, bilateral trade reached 44.4 billion US dollars, increased by 17% over the previous year. He said China is the biggest import source and 2nd largest export destination of the Philippines.

According to him, China’s trade with ASEAN countries last year was over 480 billion US dollars, and that his country’s direct investment in the region amounted close to 6 billion US dollars.

“In the coming five years,” he said, “China will import over US$10 trillion of goods and invest over US$500 billion overseas, and 500 million tourists will travel abroad.”

Wang likewise took pride in his country’s growing domestic market and “go-global” investment that offer enormous trade and investment opportunities for the world, for ASEAN and for the Philippines. — Vic Larato