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Title:
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Japan Will Give The Philippines More Aid Than China
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Author:
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Ralph Jennings
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Source:
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Forbes
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Date:
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October 26, 2017
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Description:
- Philippine President Rodrigo Duterte is on a diplomacy roll and maybe a bank roll too. During his trip last week to China, the source of a tense maritime sovereignty dispute, the 71-year-old newcomer to his country's national politics agreed to economic deals worth $24 billion and some expect that stack to grow. The sum covers $9 billion in soft loans and $15 billion in economic deals. Agreements involving Chinese companies will help develop energy, mines, ports and railways in the Philippines.
