China News Agency, Manila, May 16 (Reporter Guan Xiangdong) "Even affected by the epidemic, the Philippine economy grew by 8.3% year-on-year in the first quarter of 2022, which is an encouraging signal for investors and companies preparing to develop in the Philippines. On May 16, the Chinese Enterprises (Philippines) Association issued a statement expressing confidence in the incoming Philippine government.

  The statement stated that in the past six years, through the efforts of both sides, China-Philippines relations have continued to be stable, and economic and trade cooperation has become closer. , communications, electricity, construction, logistics, manufacturing, medical care, home appliances, trade and other key economic fields.

In addition, they have worked with the government and people of the Philippines to provide tens of thousands of jobs in revitalizing the region's economy.

Chinese-funded enterprises in the Philippines united as one, and made active contributions to supporting the fight against the epidemic, orderly resumption of work and production, and proactively fulfilling social responsibilities.

  At present, both China and the Philippines are at a critical stage of development, and bilateral relations are facing important opportunities and broad prospects.

Deng Jun, President of the Chinese Enterprises (Philippines) Association, expressed his hope for the future. The Philippines has a large and dynamic workforce, an increasingly mature service outsourcing industry, and a grand infrastructure construction plan. , the relevant policies and development plans to improve people's well-being will continue to deepen.

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