China to Buy $1B Worth of Philippine Agriculture Products; Bank of China Reviewing $50B Infrastructure Projects

China has committed to buy $1 billion worth of agricultural products. The Chinese Commerce Minister relayed the message to Trade Secretary Ramon Lopez, with a final agreement to be signed at the end of the month. The Bank of China also announced that it evaluating 19 infrastructure projects worth $50 billion for possible financing. It said it will expand operations in the Philippines to facilitate transactions…

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