China remains key FDI source for PH despite tensions

China remains a key source of foreign direct investments for the Philippines, accounting for 22 percent of the total capital influx, despite ongoing political tensions.

Trade Secretary Cristina Roque expressed optimism about attracting multinational enterprises, especially those relocating from China.

PEZA Director General Tereso O. Panga highlighted the Philippines' attractiveness as an ASEAN 'plus one' preferred destination for companies moving from China, emphasizing the need for swift accommodation.

Chinese companies already operating within PEZA zones have significantly contributed over $406 million in exports and generated more than 16,000 jobs nationwide.

Officials from PEZA and the DTI recently participated in an investment mission to Shenzhen, China, to further foster economic ties.