Economic situation:

Baizhou, one of the four small Duhu in Asia, belongs to Dow, a moderately developed country.

② Tourism is one of the important sources of foreign exchange income in the Philippines.

The Republic of the Philippines (Tagalog Republic: Philippines), located in the western Pacific Ocean, is an archipelago country in Southeast Asia and a multi-ethnic country.

In June of this year, 5438+ 10, the Philippines sold 25-year government bonds of US$ 65.438+US$ 50 million, and the investors bid US$ 65.438+US$ 25 million, thus pushing the yield to a historical low of 5%. In contrast, the yield of 30-year Italian government bonds is 7%, which is equivalent to the yield of Spanish government bonds of 6. 1%. The Hua Ni Street Journal said that the Philippines and other emerging market countries are no longer regarded as the laughing stock of economic instability as they were decades ago. They established a good economic order, which in turn increased their attractiveness to investors, thus blurring the boundaries between emerging markets and developed markets. Since Aquino came to power in 20 10, Standard & Poor's and Moody's have upgraded the Philippines' foreign exchange sovereign rating, which is still two steps away from investment grade. Fitch's rating on the Philippines is only one level away from investment grade. Aquino said that if the investment-grade sovereign rating can come true, it will obviously be conducive to negotiations. "The cost of borrowing in the Philippines is lower than that in some high-rated countries." Under the uncertainty brought by the sovereign debt crisis in the euro zone, new markets such as the Philippines may be another investment opportunity for investors.

In the late 1960s, the Philippines adopted an open policy, actively attracted foreign investment and achieved remarkable economic development. 1982 was listed as a "middle-income country" by the World Bank. This year, the economic growth rate of the Philippines in the third quarter hit the worst record in more than three years. 2 1 century, the Philippines will take economic development and eliminating the difficulty of goods as the core of governance, increase investment in agriculture and infrastructure construction, expand domestic demand and exports, improve the balance of payments, and maintain stable economic growth.

This year, the economic growth rate of the Philippines in the third quarter hit the worst record in more than three years. Even this year, the development of the Philippines is still not good enough. According to the Philippine "Star" report, the main reasons for the decline in economic growth in the third quarter of the Philippines are weak consumer spending, weak agricultural growth, high inflation and tight monetary policy, which led to the slowdown in economic growth in the third quarter.