[In This Economy] How can the PH economy become less reliant on China?

SUMMARY

The short answer is that it’s easier said than done.

With rising tensions in the West Philippine Sea, there’s increasing talk now of the Philippines becoming less dependent on the Chinese economy – as a signal that we’re not tolerating China’s illegal incursions in our very own backyard.

Most recently, law professor and maritime law expert Jay Batongbacal said in an interview with state television network PTV that even if we import lots of consumer goods from China, we can instead import them from other countries.

He added, “Magkakaroon ng adjustment siyempre, at medyo magkakaroon din ng kaunting sakit. Pero ang punto doon eh, bakit tayo magpapatakot sa kanila? So kung kailangang tiisin natin ang kaunting inconvenience, eh gawin natin. ’Yun ang paraan para ipakita natin sa ka…

Source:https://www.rappler.com/voices/thought-leaders/in-this-economy-how-can-philippines-become-less-reliant-china/