Economic Relationship Between

Philippines
and

China
November 15, 2016

Submitted by: Serafica ,Ph

Grade 9 faith
 INTRODUCTION

Today as we all know our economic had some changes since the political administration

changed last July. Our newly elected president Duterte wanted to separate our economic

relationship to the United States and shift ties with China which is our former economic partner

before. Now the question is that will this help for our economic growth in the Philippines? First

let us take a look at the relationship we had before with china or let us know first the a brief

History here

BODY
June 1975

The diplomatic or economic relations between the Philippines and China were established on 9
June 1975. Since then, the bilateral partnership between the two countries has reached
unprecedented levels in terms of politico/security and regional cooperation, trade, investment,
agriculture, tourism, cultural and people-to-people exchanges, which have benefited the two
countries and peoples. As stakeholders in the peace and prosperity of the Asia-Pacific region,
the two countries have also cooperated closely in various regional and international issues that
have profound effects to the stability and economic development of the region.

Over the past 40 years, Philippines-China bilateral relations continue to strengthen. The
relations are multi-faceted and involve the three branches of government executive,
legislative and judiciary, and the various sectors of society. Since 1975, the two countries have
concluded almost 100 bilateral agreements that cover a wide spectrum political, defense,
trade and investments, judicial cooperation, infrastructure development, energy cooperation,
air services, cooperation in combating transnational crimes, consular cooperation, tourism,
culture, sports, media exchange, agriculture, science and technology, sister cities, and people to
people exchanges reflecting the breadth and depth and the growing cooperation between the
Philippines and China.

In April 2005, during the state visit of President Hu Jintao to the Philippines, he and then
President Gloria Macapagal-Arroyo agreed to establish a strategic and cooperative relationship
for peace and development between the Philippines and China. Since then, bilateral relations
have been surging ahead in a comprehensive manner, with economic ties serving as the
locomotive for cooperation. To underscore the importance of China to the Philippines, there are
now seven Philippine foreign service posts in China five in the mainland (Beijing, Guangzhou,
Shanghai, Xiamen and Chongqing) and two in the Special Administrative Regions (Hong Kong
SAR and Macau SAR).

On 29 October 2009, during the official visit to the Philippines of Chinese Foreign Affairs
Minister Yang Jiechi, the two countries signed the Joint Action Plan for Strategic Cooperation
between the Philippines and China, an action-oriented roadmap that further deepened
cooperation in all fields and provided strategic direction for long-term growth of Philippines-
China relations for the benefit of the Filipino and Chinese peoples. The Joint Action Plan was a
five-year agreement that covered almost all areas of cooperation, from political, economic and
trade, to cultural and people-to-people relations.

During the State Visit to China of President Benigno S. Aquino III from 30 August to 2
September 2011, the two governments issued a joint statement reiterating their commitment
to jointly pursue a long-term and stable relationship of strategic cooperation on the basis of
mutual respect, equality, and mutual benefit.

President Rodrigo Roa Duterte undertook a State Visit to China on 18-21 October 2016.
During the visit, President Duterte met with President Xi Jinping, Premier Li Keqiang, National
People's Congress Standing Committee Chair Zhang Dejiang, and Vice Premier Zhang Gaoli. In
the joint statement issued during this milestone visit, both sides acknowledged the centuries-
old bonds of friendship of the Filipinos and Chinese people and agreed to continue to make
concerted efforts to cement the traditional friendship between the two countries. The
Philippines and China also reaffirmed their partnership and their common aspiration to achieve
development and inclusive growth for their peoples.

CONCLUSION

Now that we already have an idea about the relationship of our country with China. Let me have
you my Opinion regarding this matter. Our economic needs growth as the years passes by we
just stayed the same with our economic status. China is our former partner in business as
youve seen in our history if wearer to continue our relationship with China it will greatly help
our economic and use our resources to develop our country.