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‘Windfall’ China trip brings more jobs, loans

DAVAO CITY, Philippines – President Duterte yesterday reported “windfall” benefits from his trip to China including job prospects for Filipinos as well as a RMB500-million funding for feasibility studies for the construction of new bridges over Pasig River as well as more drug treatment and rehabilitation centers.

“So that ends everything. Are you satisfied? Itong pagpunta ko ngayon dito,

if you want to use an idiom, I’d say it was a ‘windfall,’’’ the President said upon arriving before dawn at the Davao International Airport from China where he attended the “One Belt One Road” forum. The President was in Cambodia before his China visit.

“Ito marami ‘to ha (There are many). They are now opening new avenues for – they are opening the doors for our teachers, workers. Kulang sila sa mga (They lack) craftsmen and engineers,” he said.

“So they are welcoming mostly teachers, English teachers. Kailangan nila nang marami,” he added.

He praised China for being “generous” and cited the signing of several bilateral agreements on economic cooperation.

Finance Secretary Sonny Do-minguez and his counterpart at the ministry of commerce signed an agreement on economic and technical cooperation.

Energy Secretary Alfredo Cusi signed a memorandum of agreement with his Chinese counterpart at the National Energy Administration on strengthening cooperation in electric power, oil and natural gas sectors.

The Philippines clinched at least over $600 million funding from China for various infrastructure projects.

“China is very liberal and generous. And as a matter of fact, I would not want to… I will do it in an official pronouncement but we had… We already have about $100 million coming in and they have promised us something like another $500 million,” the President said.

He also cited China’s offer of grant for the construction of two bridges over Pasig River.

“These two bridges are gratis. It’s a grant. It’s a – no payment, sort of a donation. The other projects the railway, they are eager to start. They want to start this year. And I hope that everything will go on smoothly. At least before the end of the year we see an effort from both sides to start on the project,” the President said.

Shortly before leaving Beijing, the Chief Executive had bilateral meetings with President Xi Jinping and Premier Li Keqiang.

“They were the last two officials that I met kanina. I met the Premier then right after we went to another room to meet the President. Separate talks but dito sa isa hard sell. Iyong isa naman ano ‘yung ano lang – about the things that they have promised us,” he said.

“And I’m very happy that they are sincere. They are really, they are there to comply with their commitments to us,” the President said. He added the two Chinese leaders reaffirmed their commitment to build on the gains from his state visit in October last year.

“We renewed our resolve to strengthen our friendship and mutually beneficial partnership on a broad range of areas. We resolved to fully use the mechanisms we have established to dialogue openly, monitor progress and ensure implementation of project. With the signing of (four) key agreements on Economic and Technical Cooperation, Human Resource Development, Energy and News Publishing, we continue to look for ways to deepen collaboration,” Duterte said.

In Beijing, Duterte said he had the opportunity to address the other partners in China’s One Belt and One Road development cooperation comprising more than 70 countries and with an initial funding of $113 billion.

Considering its business interests, China could be expected to pursue peace and maintain stability in the region, Duterte said.

‘Windfall’ China trip brings more jobs, loans ‘Windfall’ China trip brings more jobs, loans Reviewed by AsianPolicy.Press on 1:14:00 AM Rating: 5

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