November 17, 2016

China will explore the possibility of establishing an economic and trade cooperation zone in the Philippines as part of the two countries' efforts to advance bilateral ties, a Chinese official said Thursday.

China is willing to increase imports from the Philippines and encourage Chinese firms to expand investment there, Ministry of Commerce (MOC) spokesperson Sun Jiwen told a press conference.

The two countries will also sign a pact on economic and technological cooperation for the 2017-2022 period, and China will consider providing financial support for infrastructure projects in the Philippines, Sun said.

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