We use cookies to provide some features and experiences in QOSHE

More information  .  Close
Aa Aa Aa
- A +

Philippines in ‘no danger’ of Beijing’s debt trap, says envoy

32 11 7

A CHINESE diplomat on Monday assured the Philippines that it was in “no danger” of falling into a debt trap amid a string of investments that came after Chinese president Xi Jinping’s official to the country last week.

During a business forum, Tan Qingsheng, Charges d’Affaires at the Chinese Embassy in Manila, said apart from infrastructure aid, closer Beijing-Manila ties could spur Chinese tourism in the country, with more than 1.5 million Chinese tourists expected to visit the Southeast Asian country this year.

According to ABS-CBN, Tan said he “cannot understand the logic” of media reports that warned of a potential debt trap.

“Those projects are proposed by the Philippine side, are economically viable and are........

© Asian Correspondent