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The Philippines still welcomes investments and visitors from China and will continue to do so despite the recent incident in Ayungin Shoal that left several Filipino soldiers injured, a top government official said Wednesday.According to National Economic and Development Authority Secretary Arsenio Balisacan, the country will continue to be open to investments, as part of the global supply chain.“We have no intention of restricting investments or tourists from China to the Philippines.
77 nautical miles from the nearest Philippine province of Palawan and constitutes part of the country’s 200-nautical mile continental shelf as provided under the United Nations Convention on the Law of the Sea .Sought for comment on the impact of geopolitical tensions on trade, Balisacan said the Philippines has been affected one way or another.
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