Marcos China visit nets $22.8B pledges, half for renewables
President Ferdinand Marcos Jr.'s state visit to China generated $22.8 billion in investment pledges, with nearly half ($13.76 billion) allocated for renewable energy.
The commitments also include $7.32 billion for strategic manufacturing such as electric vehicles and mineral processing, and $1.72 billion for agricultural businesses.
During a roundtable meeting with Chinese business executives, Marcos expressed optimism about investments in solar and wind projects, battery storage systems, and off-grid power supply systems.
Chinese investors are also interested in waste-to-energy projects and opportunities in the Philippines' EV industry and mineral processing for manufacturing EV parts.
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