Let me now make a simple comparison of Japan’s high economic growth in the past and China’s economic growth in recent years. Roughly speaking, China’s population is ten times greater than that of Japan, China’s per capita nominal income is onetenth of that of Japan, and, accordingly, the nominal GDP for the two countries is about the same.
I salute the FFCCCII for its almost six decades of uniting the Chinese-Filipino community to promote the growth of business and implement social welfare projects that help bring about economic development and progress for the country. In the next decade and beyond, may you continue to inspire more leaders in the business community to share your “tradition of service” to the Filipino people.