China to help Marcos admin deal with rising prices, agri products shortage — envoy

Metro Manila (CNN Philippines, June 24)— China is willing to help the administration of President-elect Ferdinand “Bongbong” Marcos Jr. address the soaring prices of commodities as well as shortage of agricultural products, its ambassador said on Friday.

“China is also willing to do its best to help the new administration to effectively deal with the rising prices and shortage of agricultural production materials, and work together to face the uncertainties of the world,” Ambassador Huang Xilian assured in a forum.

Huang noted how the Philippines’ economic recovery “demands a stronger booster,” acknowledging challenges brought by inflation and other crises.

“[China will] keep our doors open to more Philippine agricultural products and make more investment in the country, to facilitate Philippines' efforts in accelerating industrialization and modernization and capacity-building for self-generated development,” he added.

Customers in the past few weeks have been greeted with skyrocketing food prices amid tight supply and equally rising costs of raw materials.

Marcos — who is set to lead the Department of Agriculture himself — underscored the need for a more thorough plan aside from emergency measures to address these issues.

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