Duterte said China pledged billions of dollars to the Philippines. What happened to it?

Source: China – South China Morning PostAs Philippine President Rodrigo Duterte rushes to fulfil his pre-election promise to build a railway for Mindanao island, reality is beginning to bite.Duterte is five years into his six-year term, yet the 83 billion pesos (US$1.64 billion) he claimed China would lend him to build the first phase of the railway is yet to materialise.Also yet to appear is most of the US$9 billion of official development assistance (ODA) and the US$15 billion in foreign direct investment (FDI) that – according to…Read More

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