Philippines should gear up for stronger competition in Southeast Asia amid slowdown in China’s outbound shipments next year

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Philippines should gear up for stronger competition in Southeast Asia amid slowdown in China’s outbound shipments next year - Business Mirror

Quick Summary:

The Philippines should gear up for stronger competition in Southeast Asia as exports of China may slow down next year, according to the Federation of Filipino Chinese Chambers of Commerce and Industry, Inc.(FFCCCII).

Philippines should gear up for stronger competition in Southeast Asia amid slowdown in China’s outbound shipments next year Dr.Cecilio K.

Outbound shipments to the US in the January to September 2024 period amounted to $9.18 billion.This is 7.8 percent higher than the $8.52 billion export receipts in the January to September 2023.