The Philippines will no longer pursue Chinese loans to fund three railway projects valued at more than $5 billion and has started discussions with other Asian countries for alternative financing deals.
  • zephyreks@lemmy.mlOPM
    5·
    8 months ago

    Loans were funded in the Duterte era when relations between China and the Philippines were much more friendly than they are today.

  • TheAnonymouseJoker@lemmy.ml
    11·
    8 months ago

    Phillipines continue to destroy their future by simping for the white man’s burden, just like Japan and South Korea. Will they ever grow beyond being a housemaid factory for neighbouring countries? Its very sad, because once they fall into the trap of IMF leeches, its joever.

  • FluffyPotato@lemm.ee
    11·
    8 months ago

    Not a surprise considering China has been pissing off its neighbors by stealing territory around the south China Sea and they pretty much moved to the coast of the Philippines with that.

  • Tankiedesantski [he/him]@hexbear.netEnglish
    0·
    8 months ago

    started discussions with other Asian countries for alternative financing deals.

    The only other Asian countries with the tech and the money to do HSR are Japan and maybe Occupied Korea. Neither of those are exactly flush with cash at the moment. I also doubt either of them would be able to do it at the same price as China is offering either.

    • TheAnonymouseJoker@lemmy.ml
      12·
      8 months ago

      If China treats their citizens like shit, while “civilised” prospered westerners have to struggle with housing, food and oil/gas prices, then maybe the definition of prosperity and shit has been reversed by clowns like you. The delusion is peaking.