China trip yields $9B in investments - News Summed Up

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China trip yields $9B in investments


PRESIDENT Rodrigo Duterte on Friday said his visit to China would bring in $9 billion in new investments. China and the Philippines also signed a memorandum of understanding on the employment of 2,000 Filipino English-language teachers starting this year, Duterte said. Duterte also said China gave a 500-million-renminbi, or P4-billion grant, to the Philippines with no strings attached. Sea dispute not discussedDuterte said he and Chinese President Xi Jinping reaffirmed their commitment to further strengthen Philippine-China relations in a bilateral meeting. Duterte visited China’s Hainan Province this week to attend the Boao Forum for Asia.


Source: Manila Times April 13, 2018 16:21 UTC



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