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MANILA, May 1 Asia Pulse - Filipino exporters have been urged to consider China as their alternative market, with the slowing down of United States and Japanese economies.
"The early birds have found a place under the big Chinese market. A wide range of Philippine products has bright prospects in China," Philippine consul general to Guangzhou, China Archimedez Gomez said.
Gomez said local jewelry, for instance, could penetrate the rich Chinese market for jewelry where 3.8 million couples who get married every year spend US$625 each for a pair of wedding rings.
The furniture industry, on the other hand, can seize the middle and high-end segments of the market from Shanghai in the east to Chendu in the west with the best-designed pieces of furniture in Asia.
The Philippine footwear industry can fill in the vacuum in the middle and high-end market for footwear and tangle with Italy in that ...