MANILA  -Any economic fallout from rising tensions between the Philippines and China would be “limited,” a London-based think tank said, adding that Manila is “well-placed” to benefit from the dramatic shift in global supply chains set off by growing rivalry between Beijing and Washington.

Tensions flared up at the disputed West Philippine Sea over the weekend after Manila and Beijing traded accusations when their vessels collided near a contested reef.

But Gareth Leather, senior Asia economist at Capital Economics, believes a deterioration of Manila-Beijing ties is unlikely to create a big economic problem because the Philippines is “not closely integrated into China’s economy.”

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https://business.inquirer.net/436852/economic-fallout-from-ph-china-tensions-limited-says-think-tank