The present political economic system of the Philippines, dubbed as Sturdy Republic” and inaugurated last July 22, 2002, reinforces its being as a blended economic system. Free and honest trade between international locations creates incentives for the efficient allocation of sources. Larger levels of production create more jobs and more wealth for both international locations. Nonetheless, the tangible benefits of the free market may be adversely affected by improper government interference. Unfortunately, China’s communist government has a proclivity for constantly distorting market forces by way of government subsidies, preferential loans, and forex manipulation. As a result of China has failed …