Professional Documents
Culture Documents
GE Summer 1
MODULE 4:
ASSIGNMENT NO. 1
TIERRA, MONIQUE C.
TIERRA, MONIQUE C.
GECLWR-18 - The Life and Works of Rizal
China has been the Philippines’ valuable partner for bilateral investments, imports,
and exports, all across priority sectors crucial for trade and development. In 2018, China
ranked first in foreign investments to the Philippines, amounting to US$975 Million, up by
2,072 percent from just US$ 47 Million in 2017. This growth was spearheaded by
businesses and companies from sectors like IT & communications, manufacturing, real
estate, and electricity. In 2019, China continued to show strong interest and ranked as
the second top source of investments, with US$ 1.7 Billion, translating to 32 percent of
total foreign investments and 174 percent growth in 2018. All of these resulted in a great
development of the country’s economy and society.
While reading numerous of articles about the relationship of Philippines and China,
I remembered the time that I am curious about the famous ‘Binondo’, which is a district of
Chinese in Manila. And now I have realized that it is because of the Spaniards mistreating
the Chinese. The Spanish colonial government employed the strategy of segregation,
hispanization, and expulsion on the Chinese which they were expelled and forced to live
outside the walls. These series of violent incidents in the relationship between the
Chinese in the Philippines and the Spanish colonial government partially subsided when
the latter intermarried with Filipino, and also their indispensable role in the Philippine
economy.