was one of the richest countries in Asia, along with Japan and myanmar, between the 1950s and 1970s after world war ii.It is an emerging industrial country and one of the emerging markets in the world.
In the late 1960s, the Philippines adopted an open policy and actively attracted foreign investment. Its economic development achieved remarkable results. In 1982, it was listed as a "middle-income country" by the world bank.Later, due to the western economic recession and other factors, economic growth slowed down.
In the early 1990s, the Philippines took a series of measures to revitalize its economy, which began a comprehensive recovery and maintained a high growth rate.In 1997, the Asian financial crisis had little impact on the Philippines, but economic growth slowed down.
The Philippines has trade relations with 150 countries.In recent years, the Philippine government has actively developed foreign trade, promoted diversification of export commodities and foreign trade markets, and significantly changed the structure of import and export commodities.Exports of non-traditional exports such as ready-to-wear, electronic products, handicrafts, furniture, fertilizers and other goods have overtaken those of traditional commodities such as minerals and raw materials.
Backpack suppliers in the Philippines consist mainly of local manufacturers and foreign-invested factories ，There are many backpack suppliers from China.Nevertheless, the backpack industry is not very developed in the Philippines .
How to choose backpack supplier
The Philippines is not as strong as China in backpack manufacturing, and if you want to find a good backpack supplier, China will be a better choice .
China has a large number of backpack factories, usually of better quality and at lower prices, concentrated in China's guangdong, hebei and zhejiang provinces.
These backpack suppliers produce more than 80 percent of the world's backpack products,They provide customized and production services for international famous brands and win the trust of these international brands.
We are a leading backpack manufacturer, wholesaler and supplier in China,Our backpacks are exported in large quantities to Europe, America, southeast Asia and Africa, and are widely welcomed.
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