Philippines secures $22B in Chinese investment pledges
President Ferdinand R. Marcos Jr. secured USD22.8 billion in investment pledges during his state visit to China from January 3-5, 2023.
The investments include USD1.72 billion for agribusiness, USD13.76 billion for renewable energy, and USD7.32 billion for strategic monitoring such as electric vehicle manufacturing and mineral processing.
Marcos emphasized that these pledges are backed by concrete actions in the Philippines, with some companies already constructing facilities and opening offices.
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