China will be working with the Philippines on 30 projects worth $3.7 billion that aim to alleviate poverty, the two countries announced following a meeting in Beijing on Monday.
“China supports president Duterte to lead the Philippines people in developing their economy,” Hua Chunying, Chinese foreign ministry spokeswoman, said on Monday.
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Carlos Dominguez, the Philippine’s Finance Secretary, described the meeting as “very productive” and revealed that both countries also discussed on bigger initiatives in rural areas as well as smaller projects.
The initial batch still needs to be finalize and paperwork still need to be passed to the banks involved, Gao Hucheng, Chinese Commerce Minister, said without providing further details.
