Why China Would Give More Aid, Investment to Leery Philippines
Voice of America
The Philippines will get more aid and investment from China, Chinese officials say, as analysts believe assistance given so far has failed to meet Filipinos’ expectations and Beijing doesn’t want the Southeast Asian country to depend too much on the United States, China’s rival.
“China is willing to work with the Philippines to implement more cooperation projects and allow the people in both countries to benefit more from bilateral cooperation,” the Chinese Foreign Affairs Ministry said in an August 27 statement issued after a tele-summit between Chinese President Xi Jinping and Philippine President Rodrigo Duterte. According to the statement, Xi added that his country’s cooperation with the Philippines would “make more contributions to regional peace and prosperity.” After Duterte and Xi met in Beijing in 2016, auguring a new Sino-Philippine friendship, China pledged $24 billion in aid that was expected to speed infrastructure renewal work in the relatively poor Southeast Asian country. China was already known for building infrastructure across Eurasia as a way to open trade routes.FILE - President Hassan Sheikh Mohamud of Somalia attends a summit in Stansstad near Lucerne, Switzerland, June 15, 2024. FILE - Jubaland President Ahmed Mohamed Islam speaks in Kismayo, Aug. 22, 2019. FILE - Puntland President Said Abdullahi Deni speaks in Garowe, Puntland state, northeastern Somalia, Jan. 25, 2024.
FILE - A family rides past a decoration in the shape of the national flags of China and Pakistan installed along a road ahead of a visit by Chinese Vice Premier He Lifeng, in Lahore, Pakistan, July 30, 2023. FILE - Volunteers transport the coffins of Chinese nationals from a hospital following a suicide attack in Besham city in the Shangla district of Pakistan's Khyber Pakhtunkhwa province on March 26, 2024. FILE - Security officials work on the site of an explosion outside Karachi airport, Pakistan, Oct. 7, 2024. The attack, claimed by Pakistani Baloch separatists killed two Chinese nationals.