A SEVERE economic growth shock in China will affect the Philippines but not to as large a degree as in other Asia-Pacific (APAC) countries, a Fitch Ratings official said.
"The share of the Philippines' goods exports going to China is significant, at around 13 percent in 2022, so there would definitely be some hit through the export channel," Fitch Ratings Senior Director Duncan Innes-Ker told The Manila Times on Wednesday.
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