The government's review of the records shows that China has now taken the spot as the country's biggest trading partner today, and makes the point that such fast paced and trade and investment loans from China might imperil our ability to settle foreign obligations in the future and may result adversely to the national interest of our people.
the proposed Davao Expressway |
Bridges for construction |
The only question remains if all those trade investments and agreements will not be faltered along the course of implementation, and cleanly realized its returns.
Pessimistic as it seems, the value of 53 billion USD loans on top of our old and pending foreign obligations will create a stir in our economy once returns of investments fails.
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