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Rodrigo Duterte
ChinaDiplomacy

China and Philippines agree to cooperate on 30 projects worth US$3.7b

Agreement comes as part of a visit to Beijing by cabinet-level delegation from Manila

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China's Commerce Minister Gao Hucheng says the deals with the Philippines are just an ‘initial batch’ of projects that need to be finalised. File photo: Reuters
Catherine Wong

Beijing has agreed on ­bilateral cooperation with Manila on 30 projects worth US$3.7 billion, ­including ones for infrastructure and poverty alleviation.

The agreement was reached after a meeting between Commerce Minister Gao Hucheng and Philippine Finance Secretary Carlos Dominguez III, who has been leading a cabinet delegation on its three-day visit to Beijing.

Gao announced the deals without giving details, saying this “initial batch” of projects still needed to be finalised and then processed by the banks involved.

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Dominguez said he had a “very productive” meeting with Gao, and that they had discussed large projects in rural areas as well as some smaller bilateral undertakings, according to a report from Reuters.

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Foreign ministry spokeswoman Hua Chunying said recent visits by Philippine delegations had reflected a stronger mutual trust between the two countries.

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