https://www.scmp.com/rss/328151/feed en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Real-estate companies in the Philippines have seen a windfall from Chinese investments and buyers – but as property prices shoot up in the capital as Chinese gambling operations buy into the market, Filipino buyers are being increasingly squeezed out and relatively fewer opportunities are being created for local workers. As relations between China and the Philippines have seen an upswing since Beijing-friendly Rodrigo Duterte’s rise to power, real-estate groups such as Ayala Land and D.M.... https://www.scmp.com/week-asia/economics/article/2166070/winners-and-losers-dutertes-china-play?utm_source=rss_feed https://www.scmp.com/week-asia/economics/article/2166070/winners-and-losers-dutertes-china-play?utm_source=rss_feed Sun, 30 Sep 2018 00:00:30 +0000 Here’s a quiz. How often in these past weeks have you read about the duplicitous Chinese tricking other governments with false investment promises? Quite a lot, probably, given the volume of reportage on the supposed pullback of Chinese cash in the Philippines. These reports argue that China’s US$24 billion commitment to the Philippines, comprising US$15 billion in foreign direct investment (FDI) and US$9 billion in aid, has barely materialised since an agreement in October 2016 in which the... https://www.scmp.com/week-asia/business/article/2158237/what-happened-billions-china-pledged-philippines-not-what-you?utm_source=rss_feed https://www.scmp.com/week-asia/business/article/2158237/what-happened-billions-china-pledged-philippines-not-what-you?utm_source=rss_feed Sun, 05 Aug 2018 04:30:15 +0000