Amongst the most closely watched policy initiatives launched by President Duterte is the so-called Pivot to China. This is widely seen as an attempt to rebalance trade and investment away from traditional ally the US in favour of China. Michael Wan, economist at Credit Suisse, believes the benefits of this new policy may significantly outweigh the costs. "The shift in foreign policy is likely to bring in more FDI and tourists as gains in both flows from China outweigh the potential decline in flows from the US, at least in the nearterm," he says.
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