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Wang echoed Aquino's call, saying China will encourage strong businesses to invest in the Philippines and play a part in infrastructure construction.
"The ties between the Philippines and China go back centuries and I am hoping that our continued partnership will become stronger than ever," Aquino added.
With the progress of the China-ASEAN free trade zone,beats by dre, which was established in 2010, as well as policy initiatives carried out in both countries, China and the Philippines are embracing new opportunities for cooperation, Wang said.
Aquino said his administration is devoted to instilling a culture of transparency and integrity in government, pledging a level playing field for Chinese businesses.
Aquino led the delegation of over 200 Philippine businessmen that joined him in Beijing.
The forum coincided with Philippine President Benigno Aquino's first state visit to China since he took office last year.
The two countries are expected to sign a series of cooperation agreements, including a five-year plan for trade cooperation, following official talks between Chinese President Hu Jintao and Aquino on Wednesday afternoon.
Aquino arrived in Beijing on Tuesday night for a five-day visit. Besides Beijing, he will also visit Shanghai and Southeast China's Fujian province.
"China and the Philippines should tap their cooperation potential,louboutin, expand trade volume, optimize the composition of imports and exports and make efforts to bring bilateral trade to $60 billion by 2016," Wang said in his address to a China-Philippines economic and trade forum on Wednesday.
China-Philippines trade amounted to $27.7 billion in 2010, making China the third largest trade partner of the Philippines.
Teresita Sy-Coson,christian louboutin, chairperson of Banco de Oro Unibank Inc. (BDO), the biggest commercial bank of the Philippines,ralph lauren, told the forum that the BDO is glad to assist Chinese companies with their financial requirements in the Philippines.
Wang said the Chinese government will work with the Philippine government to create a favorable environment for the business community.
She introduced her country's huge business potential, citing the infrastructure,louboutin pas cher, IT, agriculture,abercrombie france, mining and energy sectors.
"I invite the Chinese community to take part in this opportunity to invest in an emerging economic force in Southeast Asia,polo ralph lauren," Aquino told an audience of about 600 government leaders and business executives from the two countries.
"It has been the largest-ever trade delegation to travel with the president to foreign countries, which reveals not only the strong desire of the Philippine side for stronger trade cooperation with China, but also the broad prospects and huge potential of bilateral trade bonds,louboutin," said Francis Chua, president of the Philippine Chamber of Commerce and Industry, the country's main business group.
2011-08-31 19:59:29.0China, Philippines to double trade volumeChina and the Philippines,trade between China and the Philippines,,China-Philippines economic and trade forum,Wang Qishan,Benigno Aquino,Aquino's first state visit to China,China-Philippines trade,trade parter of the Philippines,China-ASEAN free trade zone,ties between the Philippines and China,louboutin pas cher,Banco de Oro Unibank Inc.,abercrombie and fitch,BDO,Hu Jintao11020264Economy2@webnews/enpproperty-->He encouraged Chinese companies to seize opportunities to make strategic investments in the Philippines in areas such as tourism, agriculture and infrastructure.
BEIJING - China and the Philippines will work to double their trade volume to hit $60 billion in five years, Vice-Premier Wang Qishan said on Wednesday.
相关的主题文章： World badminton aces Lee Chong Wei of Malaysia and Taufik Hidayat from Indonesia share a smile during the press conference to announce the opening of the 2011 Macao Grand Prix badminton tournament November 28, Monday. The six-day tournament will kick off on Tuesday in Macao and 299 players from 24 countries will be playing. [Photo/Xinhua]
