Posted inAT Finance, Philippines

Duterte gives stalled China projects big new push

Keen to vindicate his Beijing-leaning foreign policy, Philippine President Rodrigo Duterte is fast-tracking long-delayed major China-backed projects, with potentially dire long-term consequences for the Southeast Asian country. Last month, the Duterte administration awarded a US$10 billion project to China Communications Construction Company Ltd (CCCC), one of China’s largest state-owned infrastructure firms, and local partner MacroAsia […]