President Ferdinand Marcos Jr. on Thursday said the Philippines received about $22 billion worth of investment pledges after his 48-hour state visit to China.
“Nagbubukas na sila ng opisina, kumukuha na sila ng mga permit. Yung mga nakakuha na ng permit nag-uumpisa na sila ng construction,” he said. The Chinese investment pledges are expected to generate thousands of jobs for Filipinos, Marcos said. During his state visit, Marcos repeatedly said that his administration seeks to forge closer ties with Asia’s largest economy on multiple fronts.
Aside from investment pledges, the Philippines also received some 1.5 billion renminbi in grants for the construction of several bridges in the country.
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