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Thursday, April 20, 2017
Philippines's investment program based on Dutertenomics
ANBOUND

The Philippine government announced on April 18 that it had launched a large-scale infrastructure investment program to carry out infrastructure construction in the country and plans to invest 8.4 trillion pesos in six years, which will lead its domestic GDP to maintain about 7% growth. It is important to note that the large infrastructural investment program in the Philippines may become an important part of Dutertenomics and an important achievement in Duterte's internal governance. The Philippines, which has begun to build large infrastructures, will be introduced into a track of continuous investment, financing, construction, and may also require a modest expansion of liabilities. In all these areas, China can help and participate, whereas the Philippines will also have more demands for China.

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