Filipino-Chinese and the Economy

Subject: Filipino-Chinese and the Economy Fri Sep 16, 2011 10:49 am

The enterprising Filipino-Chinese traders now own and run most of the Philippines' largest corporations. In East Asia, over 80 percent of billionaires are Taipans or traders of Chinese lineage. In the Philippines, Filipino-Chinese traders hold a large portion of economic resources. While they comprise only two percent of the Philippine population, they control 50 to 60 percent of non-land share capital in the country. Here, they are the leaders in banking, airlines, property and retail industries.

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