Why Manila cancels $5 billion railway deal with Beijing?
ASIA: Cesar Chavez, the transportation undersecretary of the country’s transport ministry, said Beijing’s “failure to act on funding’s proposal,” and ordered a renegotiation of the entire deal, either with Beijing or other potential partners. An explanation came after the Philippines withdrew from a 276-billion-peso ($4.9 billion) infrastructure funding deal with China. The plans negotiated by …
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