Lazada Philippines aff_i?offer_id=3127&file_id=94990&aff_id=150634 - China's loan to the Philippines - Philippine Daily News

normal_post - China's loan to the Philippines - Philippine Daily News Author Topic: China's loan to the Philippines  (Read 153 times)

  • Webmaster
  • *****
  • avatar_1382_1499847132 - China's loan to the Philippines - Philippine Daily News
  • Posts: 22848
  • medal1 - China's loan to the Philippines - Philippine Daily Newsmedal2 - China's loan to the Philippines - Philippine Daily Newsmedal3 - China's loan to the Philippines - Philippine Daily News
  • NEED A WEBSITE? 09206301130 |
    • Share Post
xx - China's loan to the Philippines - Philippine Daily News
China's loan to the Philippines
« on: March 11, 2018, 02:44:25 AM »
MANILA-- China Foreign Ministry on Friday said China's loan to the Philippines has "no strings attached" and would never be in bracket with the two states' territorial dispute on the South China Sea.

This was in response to a Global Times column of a Chinese scholar, saying China loans are usually accompanied by repayment agreements, which use certain natural resources as collateral.

By convention, China Foreign Ministry Spokesperson Geng Shuang said parts of China's concessional loans do require the borrowers to use certain sovereign credit as collateral, which is an international practice.

But he stressed "China has never asked and will never ask relevant countries to use natural resources as collateral in loan agreements."

Geng also pointed out that the view of the relevant scholar "only represents himself, not the official stance of the Chinese government."

"In this vein, our assistance and support to the Philippines are provided with no strings attached," he added.

Geng said it is in their interest to properly resolve the South China Sea issue, but China "will not link" the sea row with bilateral economic and trade cooperation projects.

Since the turnaround of China-Philippines relations in 2016, Geng said China has been actively helping the Philippines develop its economy and improve people's livelihood.

"China stands ready to work with the Philippines to follow through on the consensus between the two leaderships and stay committed to properly resolving differences through dialogue and consultation, ensuring the sound and steady development of bilateral relations and jointly upholding regional peace and stability," he ended. (PNA)

Going to travel? Book your place to stay at

Romans 10:9-10
"If you declare with your mouth, Jesus is Lord, and believe in your heart that God raised him from the dead, you will be saved. For it is with your heart that you believe and are justified, and it is with your mouth that you profess your faith and are saved."

personal015320100 - China's loan to the Philippines - Philippine Daily News

pCloud Premium

Share via facebook Share via linkedin Share via pinterest Share via tumblr Share via twitter

Latest Topics

7 Signs You’re Headed for a Nervous Breakdown by islander
[Yesterday at 07:11:51 PM]

Hopelessness in the occupied Palestinian territories by islander
[Yesterday at 12:22:53 AM]

Making our own shameful history by islander
[October 17, 2018, 08:46:11 PM]

Optimist vs Pessimist by islander
[October 17, 2018, 05:33:48 PM]

Stephen Hawking's final book offers brief answers to big questions by islander
[October 16, 2018, 07:28:47 PM]

Even If the Worst Thing Happens by
[October 16, 2018, 04:53:32 AM]

PNP Hiring by
[October 14, 2018, 05:37:25 PM]

Wannabes and charlatans on the march by islander
[October 14, 2018, 01:01:51 PM]

Fashion vs No Choice by islander
[October 14, 2018, 06:03:26 AM]

Ang makapahinuklog nga kinabuhi sa usa ka bugtong anak nga lalaki by islander
[October 14, 2018, 05:57:25 AM]

SMF spam blocked by CleanTalk
pCloud Premium
Powered by SMFPacks SEO Pro Mod | Sitemap
Mobile View
SimplePortal 2.3.7 © 2008-2018, SimplePortal