Full text: Joint Statement between the People s Republic of China and the Republic of the Philippines--China Economic Net en.ce.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from en.ce.cn Daily Mail and Mail on Sunday newspapers.
The Department of Finance (DOF) announced that Manila and Beijing have signed four individual loan agreements, with an aggregate amount of $201.8 million, bringing the cumulative loan commitments with China for ongoing infrastructure projects in the Philippines at $1.06 billion.
The loan agreement
A Filipino-Chinese business group expects the Philippine economy to grow between 6.5 percent and 7.5 percent next year, driven by positive economic and demographic fundamentals.