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Xi Jinping eyes investments in Luzon, Mindanao, Palace says

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By Prince Golez

The Chinese government plans to invest in Luzon and Mindanao to increase regional prosperity, Malacañang said.

“President Xi manifested that China will provide more resources to Luzon and Mindanao to spur regional economic growth,” Presidential Spokesperson Salvador Panelo said.

During President Rodrigo Duterte’s bilateral meeting with President Xi Jinping early Thursday, Panelo said the Chinese leader is looking to promote Clark Green City through the building of an industrial park.

“According to him, the Belt and Road Initiative (BRI) will also play an important role in the ASEAN-China relations, where the Philippines plays an effective role as a country coordinator, and in the Brunei Darussalam-Indonesia-Malaysia-Philippines East ASEAN Growth Area through increased cooperation,” the chief presidential legal counsel said.

Xi, he added, indicated that the first group of Filipino teachers may soon start teaching English in China and committed to continue donating rice and fingerlings and importing fruits from the Philippines.

“Lastly, President Xi committed to provide One Billion Yuan grant to the Philippines. We consider the BRI, as articulated by PRRD, as another opportunity to renew and reaffirm our valued relationship, which we must continue to foster in the coming years with an aspiration that our fellow Filipinos will feel the true benefits of the PH-China relations,” Panelo said.

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