However, as I warned almost a year ago (see my TMT column of March 27, 2023), the Philippines is missing out. Double-digit falls in exportsWhat are the implications of China's soft rebound from the Philippine perspective? Had the status quo prevailed, exports to China would have increased with its soft rebound. Only a year ago, the Department of Tourism (DoT) aimed to have 2 million Chinese visit the Philippines in 2023. Missed opportunitiesAll these adverse trends were discernible already in spring 2023 (TMT, April 24, 2023).
