The 23rd APEC summit will convene on November 17-19 in Manila, the Philippines. Reporters from the People’s Daily have noticed a strong presence of Chinese elements, ranging from Made-in-China coaches and tablet PCs, a container port built by Chinese companies, to the clearing center of RMB and Confucius Institutes.
Caption: Motor vehicles pass through the Sino-Filipino Friendship Arch in Manila, Philippines, on November 15. Photo by Li Peng, Xinhua
All the 27 free buses shuttling between APEC conference venues in the World Trade Center Metro Manila were imported from China by the Philippines Genesis transport service company. Genesis has been importing Chinese coaches on a large scale since 2006, said the company’s operation manager Rely Salbuna. As of now, it has about 250 Yutong coaches and more than 100 Jinlong coaches.
In fact, almost all the coaches running in the Philippines are imported from China, because they are cheaper.
On November 13, Chinese telecommunications firm Huawei’s Philippine branch donated 100 tablets to the APEC Business Advisory Council (ABAC) Secretariat in Manila to support ABAC in building a paperless office.
Also on November 13, the construction of the Manila International Container Terminal was completed by a Chinese company, to meet the increasing quantity of cargo that will move through Manila in the coming years.
Located in Makati, the Philippines’ finical center, the branch of Bank of China is the sole Chinese bank in Philippines. In August, 2014, a real-time RMB clearing system was established in the branch.
“The RMB clearing system not only accelerates the clearing efficiency, but also decreases the transaction cost and motivates local banks’ participation. And there is a huge demand for RMB among local residents,” said branch manager Deng Jun.
Also in Makati, the Confucius Institute established in Ateneo de Manila University is one of the four Confucius Institutes in the Philippines, which have a combined student body of over 13,000.
All these Chinese elements at APEC venues in Manila may symbolize an auspicious economic cooperative future among the APEC members in the region. (The Daily Mail – People’s Daily news exchange item)
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