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zephyreks@lemmy.mlM to World News@lemmy.ml · 2 years ago

Philippines Drops China Railway Deals, Seeks Other Funders

www.bloomberg.com

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Philippines Drops China Railway Deals, Seeks Other Funders

www.bloomberg.com

zephyreks@lemmy.mlM to World News@lemmy.ml · 2 years ago
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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.
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  • disconnectikacio@lemmy.world
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    2 years 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
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      2 years 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
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    2 years ago

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

  • Lotus Eater@lemmy.blahaj.zone
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    2 years ago

    Congrats Philippines

  • Mereo
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    2 years ago

    The non-paywalled page: https://archive.ph/2023.10.27-080727/https://www.bloomberg.com/news/articles/2023-10-27/philippines-drops-china-railway-deals-seeks-other-funders

  • FluffyPotato@lemm.ee
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    2 years 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.

  • livus@kbin.social
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    2 years ago

    This is interesting.

  • azerial@lemmy.dbzer0.com
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    2 years ago

    Good. China treats their citizens like shit. It’s not okay.

    • TheAnonymouseJoker@lemmy.mlBanned
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      2 years ago

      If China treats their citizens like shit, while “civilised” prospered westerners have to struggle with housing, food and oil/gas prices, then maybe the definition of prosperity and shit has been reversed by clowns like you. The delusion is peaking.

  • TheAnonymouseJoker@lemmy.mlBanned
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    2 years ago

    Phillipines continue to destroy their future by simping for the white man’s burden, just like Japan and South Korea. Will they ever grow beyond being a housemaid factory for neighbouring countries? Its very sad, because once they fall into the trap of IMF leeches, its joever.

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