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"China is a very important market for us. Therefore, Philips also have a big presence and end-to-end value creation in China," Jakobs noted.
Duterte said the Philippine side is willing to further expand exchanges and cooperation with China in such fields as the economy, trade and people-to-people exchanges, so as to promote bilateral ties and secure the two peoples concrete benefits.
The IBN, a government body focused on promoting large scale investment, approved Foreign Direct Investment (FDI) of 586 million U.S. dollar from the Chinese company in August.
Noting that the enforcement of the law has achieved positive results on the whole, Li said more work still needs to be done.
In parallel, Chinese Premier Li Keqiang also exchanged congratulatory messages with his counterparts of the six countries.
来源：资阳报