China says it is open to ‘negotiate’ railway projects with Philippines


Source: yenihaberden.com yenihaberden.com

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China says it is open to ‘negotiate’ railway projects with Philippines China on Monday said it welcomes the Philippines to “negotiate railway projects cooperation” as Manila seeks to review any possible financial agreement with Beijing on infrastructure building. “China will continue infrastructure cooperation with the Philippines to build more benchmark projects there,” said Wang Wenbin, a spokesperson for the Foreign Ministry, told a news conference in Beijing. The statement came after new Philippines President Ferdinand Marcos Jr. ordered his administration to renegotiate financial terms with China on railway projects worth $4.90 billion as agreed by the previous Rodrigo Duterte government....