Philippine president holds welcoming banquet for Hu
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China, Philippines issue joint statement In the joint statement, the two sides stressed that China-Philippine relations have reached the golden age of partnership and that the continuously developing friendly relationship betweenthe two nations not only serves the fundamental interests of the two countries but also contributes to peace, stability and prosperity in the region. President Hu predicts China-Philippine trade increase Visiting Chinese President Hu Jintao said here Thursday that the Sino-Philippine trade volume may reach 30 billion US dollars in five years, more than double the present level.
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