Marcos boasts $22.8B investment pledges from China trip
MANILA, PHILIPPINES — After his state visit to China, President Ferdinand “Bongbong” Marcos Jr. reported that $22.8-billion worth of investment pledges came to fruition.
In a statement, Marcos said that there was an “overwhelming response” from the Chinese business community on the investment and trade opportunities in our economy.
“The various Chinese companies participating in these meetings presented their investment plans in the Philippines, totaling USD 22.8 billion as well as trade purchase intentions amounting to almost USD 2.1 billion,” the statement read.
Marcos said that these investments will result in more jobs created for Filipinos.
The deals covered various sectors from agriculture, education, energy, environment, infrastructure, science and technology, trade, to people-to-people exchanges.
President Marcos said he and Xi also “ventured into new areas of cooperation, such as e-commerce, digital cooperation.”
“These agreements reflect our common priorities as well as practical ways of pursuing bilateral cooperation in an ever-increasing range of areas,” the President said.
