Chinese firms seen to invest in the city

THE Davao City Chamber of Commerce and Industry Inc. (DCCCII) is expecting more Chinese companies locating in the city after its government decided to put up a consulate here.DCCCII president Arturo M. Milan told the reporters yesterday during the chamber’s membership meeting at Grand Men Seng Hotel that the presence of the Chinese consular office will help attract investors.

“There would be an increase of Chinese presence in Davao. There would be China-based businesses and tourists,” Milan said.

The Chinese Consulate in Davao, which will be led by Consul General Li Lin, is set to open in September. The establishment of the consulate was among the results when China’s President Xi Jinping invited President Rodrigo R. Duterte in October 2016.

In a joint statement of China and Philippines on Oct. 21, 2016, “the Philippines welcomes China’s proposal to open a Consulate-General of the People’s Republic of China in Davao in due course.”

“Proper arrangements for the diplomatic premises in both countries will be made in the spirit of the 1975 Joint Communique, on the basis of international practice and reciprocity, with priority for the most immediate concerns,” the joint statement of both countries added.

The entire four-story C-Tree Hotel in Acacia St., Juna Subdivision, which ceased its operations on March 31, will be renovated to become the consulate office.

Based on their meeting with Consul General Lin, Milan said the Chinese government bared interest to increase bilateral relations with the Philippine government, especially in helping to spur Mindanao.

The consulate in the city, he said, will be China’s first in Mindanao.

“Over our meeting, they might also start to have chartered flights from Davao to China. This may be realized within the year,” Milan said.

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