Economic Team Allays Concerns on Chinese Loans and Investments

President Rodrigo Duterte’s economic team has acknowledged concerns with projects to be funded by China. Socioeconomic Planning Secretary Ernesto Pernia said that no loan agreements has been signed yet and that the Investment Coordination Committee will carefully review all dealings to ensure that Chinese firms with questionable backgrounds would be excluded. Finance Secretary Carlos Dominguez also allayed fears that China might include a condition of bringing in its own construction workers. Dominguez…

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