Chinese group eyes Iloilo trade linkages
- Source: https://news.mb.com.ph/2017/10/23/chinese-group-eyes-iloilo-trade-linkages/
- Tuesday, October 24, 2017
- By Tara Yap
Iloilo City—Another group from China is looking into possible investments and cultural ties with this city.
Officials from Quanzhou City, Fujian province, recently visited the Iloilo City Hall and met officials led by Mayor Jose Espinosa III.
Chen Mingfu, Vice Chairman of CPPCC Quanzhou Municipal Committee, expressed during the meeting that the recent trip will bring closer cooperation and closer ties between the two cities.
Chen said Quanzhou is the biggest of three major urban centers of Fujian province and its businesses thrive in manufacturing, construction and petro chemicals.
He cited that Iloilo City can be an ideal investment destination for Quanzhou companies as it has
stable electricity, water and manpower supply. He also lauded the fast and efficient business permit licensing of the city government.
Since President Rodrigo Duterte established closer ties with China last year, several Chinese government officials and Chinese firms have conducted inspections both in the city and province of Iloilo.
Chinese firm BYD Auto Industry Co. Ltd. is conducting a study for a monorail system while a state-owned Chinese consultancy firm is also conducting study for the long proposed Iloilo-Guimaras bridge.