After the Republic of the Philippines President Rodrigo Duterte’s state visit to China on the 3rd week of October, the government of China through corroboration of Chinese President Xi Jinping, committed to invest around $13.5 billion worth of deals between the two Asian countries.
The state visit strengthened the warming ties of the countries and will potentially settle Panatag Shoal (West Philippine Sea) territorial and maritime disputes in the coming negotiations. President Duterte together with more than 200 top business representatives of the Philippines paved the way to what is considered as a new business and economic alliance with China.
With booming tourism market in the Philippines and abovementioned business transactions, China lifted the travel advisories that have been implemented against Philippines a few years ago. By the end of the year, Philippines is expected to ultimately achieve a total 1M Chinese tourists count for 2016, doubling the 490, 841 count of 2015. Based on the data released by The Department of Tourism (DOT), there is 24% significant increase on tourist volume between the years of 2014 and 2015, hence, the pursuance of increased tourist target for 2016 and eventually for the upcoming years.
According to DOT Secretary Wanda Teo, Philippines is targeting to multiply investments in the tourism industry as more travel and tourism inclined businesses initiate interest to significantly increase number of flights and sails of cruise ships to the Philippines. Secretary Teo added that the boost will not only focus to current flight and sail destinations like Boracay and Manila but also to other developing destinations in Northern and Central Luzon and other places in the Southern part of the country. As kickoff, the Secretary disclosed the launch of Guangzhou-Laoag charter flight operated by China Eastern Airlines (CEA) which will start on November 1 initially with two flights per week. The next CEA venture will be Guangzhou-Clark charter flight which will be launched by December this year.