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Title:
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China’s slowdown and PH growth (Part III)
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Author:
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Bernardo M. Villegas
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Source:
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Manila Bulletin
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Date:
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August 28, 2016
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Description:
- With more amicable relations with China under the Duterte Administration, we may attract more Chinese companies to participate in our massive infrastructure projects in the coming six years. In more than 20 years of building the most modern infrastructures in the world today, Chinese companies have accumulated a great deal of expertise in building airports, tollways, bullet trains, dams, and other infrastructure. Some of them can participate in the Swiss challenges that will be highly encouraged by the Duterte administration. Also, we may obtain substantial financing from the China Infrastructure Bank that was recently established, in which the Philippines is a participating member. The slowdown in China may actually benefit us in that their infrastructure companies will be aggressively looking for business opportunities in the ASEAN economic community.
