Philippines becoming more attractive to Chinese firms — report - News Summed Up

Philippines becoming more attractive to Chinese firms — report


MANILA, Philippines — The Philippines is becoming a more attractive destination for Chinese investments, according to a report by the Economist Intelligence Unit as ties between the two countries that had soured over a maritime dispute continue to improve. In EIU’s report titled “China Going Global Investment Index 2017,” the Philippines ranked 29th this year in terms of attractiveness to Chinese firms. The Philippines remains a magnet for Chinese investors in the energy, telecommunications, consumer goods sectors, EIU reported. According to EIU, the roll-out of the OBOR has given “additional impetus” for some Chinese companies to venture overseas despite the Asian powerhouse’s “dimming” ODI. RELATED: What's in store for the Philippines as it supports China's new Silk Road


Source: Philippine Star December 07, 2017 09:56 UTC


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