China’s ambassador to the Philippines says economic ties between the two countries are at disappointing levels and both must work to advance their common prosperity.
Southeast Asian nations including the Philippines and Vietnam are embroiled in territorial rows with China over the South China Sea, where China claims most of the waterway that is one of the world’s busiest shipping lanes. Relations between China and Japan have also been strained by disputed islands in the East China Sea.
Ambassador Zhao Jianhua did not refer to the territorial dispute but called the Philippines’ share of the Chinese investment pie “too disappointing,” with Philippine companies investing more in China than the other way around.
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