China enterprises will participate in the development of Philippines Duthel Te home in Davao

Getting China's support for infrastructure construction in Philippines has been a great achievement for the president of Philippines, Duthel Te, who is visiting china. China from government to enterprise will support Philippines in all kinds of infrastructure development and construction, China enterprise will develop Walter 23 years as mayor of Davao City harbor.

In October 20th China President Xi Jinping talks with Philippines's president Duthel Te said, Chinese is willing to actively participate in the Philippines railway, city rail traffic, highways, ports and other infrastructure for the benefit of local people.

Chinese leaders in talks with foreign leaders in such detail about the construction of various infrastructure are relatively rare, reflects a pragmatic attitude China to participate in infrastructure construction in Philippines.

20 evening, President Duthel Te in Philippines and the relevant cabinet ministers of the witness, in turn dredging (Group) Limited by Share Ltd (hereinafter referred to as cross dredging) signed a strategic cooperation agreement with the Philippines Development Corporation Mega Harbour ports in Davao City harbor development project.

It is understood that the harbour project is located in President Duthel Te's hometown in southern Philippines, Mindanao, Davao City, Davao Bay project will be carried out along the coastline of about 8 kilometers of land reclamation, land reclamation area of 208 hectares, four island development and construction, and will be used by the government, business, public housing, port and industrial so, the reclamation task will be completed by the end of 2019.

Chairman Zhou Jingbo said in the dredging project, Davao cooperation marks in the Philippines port construction enterprises a new step in the joint development, hope that the joint efforts of both sides, to become a model of cooperation between businesses of the two countries.

Philippines is an important country in the "Chinese Belt and Road Initiative" initiative along. As early as the Ming Dynasty, Manila port was the necessary node port of the trade routes between China and the west, which was used to transfer and wait for the monsoon transformation.

Xi Jinping said that China and Philippines should carry out practical cooperation. To complete the two docking development strategy, China is willing to strengthen "The Belt and Road" within the framework of cooperation with the Philippine side, to achieve mutual benefit and win-win.

This year Philippines is expected to achieve 6.1% economic growth is one of the world's most vibrant economies, but also one of the ASEAN countries most in need of infrastructure construction of the country.

According to the EIU report "Statistics" part of the economic territory of Belt and Road Initiative in the Philippines infrastructure projects up to 48, higher than that of Southeast Asia's most populous country of Indonesia's infrastructure project number.

Philippines's infrastructure projects in a wide range of high speed railway, light rail, airports, prison reform, land reclamation, natural gas pipelines, water supply system, school infrastructure projects etc.. Most of the projects are in the planning and bidding stage.

At present, Philippines's transportation can not meet the needs of commercial activities. The quality of roads in different regions of Philippines is uneven, the number of all-weather highways is less than half of the road network, and the scale of the railway network in Philippines is also very limited. The carrying capacity of Manila port is insufficient, frequent congestion, serious delays occur.

As an island country in Southeast Asia, a serious and backward infrastructure has dragged the development of Philippines. The economist think tank listed infrastructure as the second biggest risk of investing in Philippines. Infrastructure in Philippines needs investment.

The development of infrastructure and the solution of traffic congestion are indeed the focus of Duthel Te's administration. In June 30th this year after the inauguration, Walter will smooth traffic as one of five priority policy areas.

Duthel Te said, we believe that as long as infrastructure construction, the economy will be able to grow effectively, in particular, this will enable the smooth entry of agricultural products into the market. Manufacturing has always been an important pillar of the economy, and we expect the Chinese government to encourage enterprises to go out in the process of seeking investment opportunities in the manufacturing sector in Philippines.

Hua Chunying, spokesman of Chinese Ministry of foreign affairs, said on the 20 day that the leaders of China and the Philippines have reached a lot of consensus on comprehensively improving and further strengthening bilateral cooperation in various fields. The two sides are willing to vigorously promote economic and trade, investment, agriculture, science and technology, manufacturing, infrastructure, tourism, aviation, media, anti drug, anti-terrorism, maritime police, humanities and other fields of cooperation, and witnessed the signing of 13 bilateral cooperation documents. At present, Philippines government needs to increase investment in infrastructure and other fields in order to improve people's livelihood and develop the economy. China is willing to actively participate in the construction of the Philippine infrastructure, and is willing to provide support from various channels for financing and investment.

Hua Chunying also introduced the leaders of the two countries agreed to deepen cooperation in poverty alleviation agriculture, China is willing to help Philippines improve agricultural production and rural development capacity. The two sides signed an agreement on agricultural cooperation. China will resume 21 Philippines enterprises' export of fruits to China, and approve 7 Philippines enterprises' export qualifications to china.