DTI expects China visit to lure more investors, create jobs

The Department of Trade and Industry (DTI) Secretary Alfredo Pascual anticipates that President Ferdinand R. Marcos Jr.'s recent state visit to China will attract more Chinese investors, leading to increased job creation, enhanced foreign exchange earnings, and potentially lower agricultural costs for the Philippines.

Pascual highlighted significant interest from Chinese business owners and investors to either invest in the Philippines or expand their existing operations within the country.

President Marcos engaged in roundtable meetings with CEOs from diverse sectors including agriculture, renewable energy, mineral processing, and electric vehicles during his trip to Beijing.

Increased demand for Philippine-made products from Chinese importers will necessitate higher production levels from local companies, directly translating into more employment opportunities for Filipinos.

Furthermore, new investments flowing into the country are expected to create additional jobs, boosting the overall employment landscape.

The export of agricultural products to China is projected to rise, contributing to the Philippines' foreign exchange earnings through increased remittances from these investments.