Philippines seeks more trade and investment from China


The Philippines and China will put disagreements over territorial claims in the South China Sea to one side this week as the Filipino President Benigno Aquino III visits the country to increase trade ties.

Mr Aquino is leading a delegation of nearly 300 business leaders during a trip which should see both countries agree a five year economic development plan to boost two-way trade, to about $60bn (£36.5bn).

Most of it will be Chinese investments as the Philippine economy continues to grow.

Lito Camacho, vice chairman, Asia Pacific, at Credit Suisse and a former Philippines Finance Secretary, told the BBC conflicting territorial claims will not over shadow investment issues.

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