Chinese business delegations visit Davao as consular office prepares for opening

MORE CHINESE investors have been visiting Davao City to scout for business opportunities in the southern islands, according to Mindanao Development Authority Deputy Executive Director Romeo M. Montenegro. “We hope they will eventually invest in Mindanao as they are eager to explore its potentials, particularly in agriculture,” Mr. Montenegro told BusinessWorld yesterday, noting that they gave a briefing last week to one Chinese delegation and have been replying to numerous inquiries. Last week, Chinese Consul General Li Lin said during the Mindanao Business Conference that he has been actively inviting investors from his country to look for opportunities in Mindanao. China is currently setting up its consular office here, with opening expected before the end of the year. “Mindanao is facing a rare opportunity of (economic) growth,” he said. — Carmelito Q. Francisco