COMMENTARYPH-China relations: Turnaround, consolidation and elevationBy THE MANILA TIMEShome/Opinion/Analysis/PH-China relations: Turnaround, consolidation and elevation(Remarks by Chinese Chargé d’affaires ad interim Tan Qingsheng at the dinner celebration of the 121st Independence Day of the Republic of the Philippines and the 18th China-Philippines Friendship Day, PICC, June 10, 2019.) Since President Duterte took office in 2016, under the strategic guidance of our two leaders, China-Philippines relations have witnessed a turnaround, consolidation and elevation, and entered a new golden age. A trade war will not only bring immense economic damage to our two countries, but also to the whole world. Due to the prospect of trade war, the World Bank and IMF have both lowered their projections of 2019 world economic growth by 0.3 percent. China does not want a trade war, but we are not afraid of one and we will fight one if necessary.

Source: Manila Times June 11, 2019 16:12 UTC