Advertising Beijing China Chinese democracy diplomacy Economy Exports Import Investment Manila Philippines Supply Chain
ECONOMIC dependence on China could constrain the Philippines’ ability to defend its sovereignty and make independent policy decisions, a civil society group warned on Thursday. Democracy Watch co-convenor Lloyd Zaragoza urged Manila to strengthen domestic industries rather than compromise its national interests for economic opportunities. The country’s mounting diplomatic tensions with Beijing should serve as a wake-up call for the Philippines to build a stronger and more self-reliant economy, Zaragoza said in a statement. “The Philippines should not have to choose between protecting its economic interests and defending its sovereignty,” he said in response to a joint appeal by business…
News Timeline:
Track the development of this news story across the Internet.