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Chinese vice premier meets Philippine finance secretary

0 CommentsPrint E-mail Xinhua, April 12, 2011
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Chinese Vice Premier Wang Qishan met here Tuesday with Philippine Finance Secretary Cesar Purisima, and they exchanged views on bilateral cooperation in economy, trade, investment and infrastructure.

Purisima is leading a senior Philippine economy and trade delegation to seek more cooperation with China.

Earlier Tuesday, the delegation met with representatives from the Chinese business sector and introduced investment opportunities in the country to Chinese enterprises.

Purisima encouraged Chinese businesses to invest in renewable energy and infrastructure building in the Philippines when meeting with Chinese businessmen.

Philippine Trade and Industry Secretary Gregory Domingo, member of the delegation, also voiced the encouragement, saying qualified Chinese investors can enjoy policies such as tax exemptions.

Statistics showed the two-way trade volume between China and the Philippines hit 27.75 billion U.S. dollars last year.

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