The Philippines will no longer pursue Chinese loans to fund three railway projects valued at more than $5 billion and has started discussions with other Asian countries for alternative financing deals.
  • disconnectikacio@lemmy.world
    2914·
    1 year ago

    China makes its "partner"s loan slaves, also they say its mandatory to do the build process by chinese too, for very expensive, and low quality. We see this in hungary.

    • zerfuffle@lemmy.ml
      34·
      1 year ago

      I’ll make sure to get the British or Americans to build it instead.

      How much are HS2 and CAHSR expected to cost, again? How many decades of delays?

  • zephyreks@lemmy.mlOPM
    91·
    1 year ago

    Loans were funded in the Duterte era when relations between China and the Philippines were much more friendly than they are today.

  • FluffyPotato@lemm.ee
    21·
    1 year ago

    Not a surprise considering China has been pissing off its neighbors by stealing territory around the south China Sea and they pretty much moved to the coast of the Philippines with that.