Move over, America, the Chinese are coming
Move over, America, the Chinese are coming
INQ7.net
Last updated 03:26am (Mla time) 11/02/2006
AND it is coming in a big way, quite unprecedented by any measure.
a. From 2001 to 2005, Philippine trade with China grew at an annual rate of 41.9 percent. In 2005, it amounted to almost $17 billion. Our top exports to China are semiconductor devices, machinery parts and accessories, electrical and electronic machinery, and electronic micro-assemblies. Now, roughly one-third of our total electronics exports are skewed toward the Chinese market.
b. Imports to the Philippines from China in the first seven months of 2006 totaled $2.103 billion, while exports to China reached $2.352 billion.
c. While the Philippines had foreign exchange reserves of $21.56 billion as of end-September, China ha $$987.9 billion -- the world's largest. The mighty United States had only $65.9 billions in official reserve assets as of Oct. 20, 2006, a pitiful half of what tiny Hong Kong had as its own reserves -- $130 billion as of end-September.
d. After pledging (in July 2006) $6 billion in soft loans (20 years at 3.0 percent annual interest) to finance Gloria Macapagal-Arroyo's mega-infrastructure projects for her "super regions," China's Jinchuan Non-Ferrous Materials Corp. and China Development Bank have given $1 billion in technical and financial assistance to Philnico Industrial Corp.'s nickel project on Nonoc Island in the southern province of Surigao del Norte and Pacific Nickel Philippines Inc. This will be the biggest single Chinese investment in the country.
e. And after providing $400 million to finance the construction of the NorthRail Project, Phase 1, Section 1, China will provide an additional $500 million in funding for the North and South rail projects in the Philippines.
f. Three ethanol fuel plants will be set up by China in the Philippines, involving development of thousands of hectares of land for sugar cane, the main ingredient in ethanol production.
Two ethanol plants in Negros island will be developed by BSBM Biofuels Corp. and Southern Negros Development Corp: one for 120,000 liters a day in Murcia town in Negros Occidental province, and another with a capacity of 150,000 liters a day in Camugao and Camansi in Kabankalan City, using sugarcane molasses as feedstock. About 10,000-12,000 hectares of land will be developed for these projects.
A third ethanol plant will be built in Zamboanga del Norte province by a joint venture with state-owned China Machineries Engineering, with a production capacity of 150,000 liters of ethanol daily, in line with the administration's goal of achieving at least 60 percent energy self-sufficiency by 2010.
g. $10 million has been committed in a mineral production agreement signed by Adnama Resources Inc., Fulim Global Mining & Export Corp., and Fujian Wahang Stainless Steel Co Ltd. for exploration, development and utilization of 4,568 hectares of mineral property in the Philippines.
h. The railway system in the island of Panay (comprising the provinces of Iloilo, Capiz, Aklan and Antique) will be rehabilitated and developed by the China Shenyang International Economic and Technical Cooperation Corp in partnership with Panay Railways Inc.
i. Century Properties Inc. and the LEE World Group have formed a joint venture firm to produce and market construction materials.
j. First Metro Investment Corp. and Donghai Securities Co. have signed an agreement of cooperation in the field of securities, trading and investment banking services.
k. A joint venture company for real estate development in the Philippines and China has been set up by Haisheng Real Estate Co., Century Properties Inc and Federal Land Inc.
l. An agreement has been signed between the Federation of Filipino-Chinese Chambers of Commerce Inc. (FFCCCI) and the All China Federation of Industry and Commerce to increase business facilitation between the two countries.
m. An agreement has been signed between the FFCCCII and the Fujian Normal University to establish a Filipino-Chinese language institute for professionals and overseas Filipino workers who want to learn the Chinese language.
n. Starting next year, the Philippines will be sending the first batch of 1,000 senior nursing students to China for a one-year tour of duty to share their knowledge in nursing care and expertise in hospital work with their Chinese counterparts. Already, two big nursing schools in China have expressed interest in hiring Filipino nurses to teach there.
Continue on : http://opinion.inq7.net/inq7viewpoints/letters/view_article.php?article_id=30099
INQ7.net
Last updated 03:26am (Mla time) 11/02/2006
AND it is coming in a big way, quite unprecedented by any measure.
a. From 2001 to 2005, Philippine trade with China grew at an annual rate of 41.9 percent. In 2005, it amounted to almost $17 billion. Our top exports to China are semiconductor devices, machinery parts and accessories, electrical and electronic machinery, and electronic micro-assemblies. Now, roughly one-third of our total electronics exports are skewed toward the Chinese market.
b. Imports to the Philippines from China in the first seven months of 2006 totaled $2.103 billion, while exports to China reached $2.352 billion.
c. While the Philippines had foreign exchange reserves of $21.56 billion as of end-September, China ha $$987.9 billion -- the world's largest. The mighty United States had only $65.9 billions in official reserve assets as of Oct. 20, 2006, a pitiful half of what tiny Hong Kong had as its own reserves -- $130 billion as of end-September.
d. After pledging (in July 2006) $6 billion in soft loans (20 years at 3.0 percent annual interest) to finance Gloria Macapagal-Arroyo's mega-infrastructure projects for her "super regions," China's Jinchuan Non-Ferrous Materials Corp. and China Development Bank have given $1 billion in technical and financial assistance to Philnico Industrial Corp.'s nickel project on Nonoc Island in the southern province of Surigao del Norte and Pacific Nickel Philippines Inc. This will be the biggest single Chinese investment in the country.
e. And after providing $400 million to finance the construction of the NorthRail Project, Phase 1, Section 1, China will provide an additional $500 million in funding for the North and South rail projects in the Philippines.
f. Three ethanol fuel plants will be set up by China in the Philippines, involving development of thousands of hectares of land for sugar cane, the main ingredient in ethanol production.
Two ethanol plants in Negros island will be developed by BSBM Biofuels Corp. and Southern Negros Development Corp: one for 120,000 liters a day in Murcia town in Negros Occidental province, and another with a capacity of 150,000 liters a day in Camugao and Camansi in Kabankalan City, using sugarcane molasses as feedstock. About 10,000-12,000 hectares of land will be developed for these projects.
A third ethanol plant will be built in Zamboanga del Norte province by a joint venture with state-owned China Machineries Engineering, with a production capacity of 150,000 liters of ethanol daily, in line with the administration's goal of achieving at least 60 percent energy self-sufficiency by 2010.
g. $10 million has been committed in a mineral production agreement signed by Adnama Resources Inc., Fulim Global Mining & Export Corp., and Fujian Wahang Stainless Steel Co Ltd. for exploration, development and utilization of 4,568 hectares of mineral property in the Philippines.
h. The railway system in the island of Panay (comprising the provinces of Iloilo, Capiz, Aklan and Antique) will be rehabilitated and developed by the China Shenyang International Economic and Technical Cooperation Corp in partnership with Panay Railways Inc.
i. Century Properties Inc. and the LEE World Group have formed a joint venture firm to produce and market construction materials.
j. First Metro Investment Corp. and Donghai Securities Co. have signed an agreement of cooperation in the field of securities, trading and investment banking services.
k. A joint venture company for real estate development in the Philippines and China has been set up by Haisheng Real Estate Co., Century Properties Inc and Federal Land Inc.
l. An agreement has been signed between the Federation of Filipino-Chinese Chambers of Commerce Inc. (FFCCCI) and the All China Federation of Industry and Commerce to increase business facilitation between the two countries.
m. An agreement has been signed between the FFCCCII and the Fujian Normal University to establish a Filipino-Chinese language institute for professionals and overseas Filipino workers who want to learn the Chinese language.
n. Starting next year, the Philippines will be sending the first batch of 1,000 senior nursing students to China for a one-year tour of duty to share their knowledge in nursing care and expertise in hospital work with their Chinese counterparts. Already, two big nursing schools in China have expressed interest in hiring Filipino nurses to teach there.
Continue on : http://opinion.inq7.net/inq7viewpoints/letters/view_article.php?article_id=30099
Good God! God please have mercy on the Chinese! I don't know if this is a good news for Philippine Nurses. From now on, they should incorporate Chinese 101 to the Nursing curriculum!
Posted by
Anonymous |
10:13 AM
why do you think the chinese would want "nurse student exchange"? and why not instead 'hire fil nurse' to work in chinese hospitals?
i don't think student exchange will add any value to our nursing education... ah i know, maybe, fil nsg students could take advantage of learning nursing intervention in 'mandarin' ... yun lang. hehe!
ay naku, maganda yan...
it'll definitely make the 'chinese nurses' world class!!! pagnagkataon! syempre she-sheran ng mga competent nursing students form UP, UST, FEU & UE ng kanilang nsg knowledge ang mga chekwa... wow!
out na ang pinoy nurses sa US... we chinese, here we come uncle sam!!!... hehe!
tamang-tama magulo pa ang mga pinoy sa 2006 nursing controversy... china says let's take advantage! tutal they don't want to learn their lesson! they enjoy the 'crab game' - let's pull each other down!... china says, let's take advantage!
hehe! huy! pinagtatawanan na tayo sa buong mundo! pinoy sa kapwa pinoy nag-sisiraan! imbes na magtulungan!!!
Posted by
Anonymous |
10:54 AM
China's goal has always been to be a world superpower and they are currently covering all their bases, be it in engineering, cultural development or economic growth. The two major things that they haven't got at the moment are in the fields of healthcare: 1)english, and 2)western healthcare practices. We have over a hundred years advantage in western nursing healthcare knowledge and the chinese are trying to bridge that gap as quickly as possible. We pinoys shouldn't give up all our "ACES" to these foreigners. We should get more out of this deal with the Chinese than we're presently getting!
Posted by
Anonymous |
11:56 AM
the only advantage the pinay nurses have over chinese nurses is that we know english...napaka-bobo naman ang writer na yan...turuan natin sila..after 10 year... sila maging prefered ang mga hospital worldwide dahil they are more hard working and will accept lower pay than pinay nurses...
Posted by
Anonymous |
12:49 PM
HAY... ANG DAMING DI ALAM NG PINOY SA NEGISYO... BUSINESS FIRST BEFORE CHARITY... PWEDE KA MAGING CHARITABLE IF YOU CAN AFFORD IT... AND HONESTLY THE PHILIPPINES CANNOT AFFORD IT...FEELING MAGALING NAMAN ANG PINOY KASI INAPPROACH NG CHINESE... HAY...
SA TINGIN NYO YUMAMAN ANG MGA TYCOONS SA PAGIGING CHARITABLE...
DI PA NGA NAPAGKAKAKITAAN AT NAPAKINABANGAN NG PINOY SOCIETY YANG MGA STUDENT NURSES NA YAN... HALA SIGE IPAMAHAGI NYO NA SKILLS AND KNOWLEDGE NYO...
BAKA MAMAYA YANG MGA STUDENTS PA NA YAN ANG MAAAGAWAN NG TRABAHO NG MGA CHINESE...
Posted by
Anonymous |
12:28 PM