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Retribution has come! Did Marcos' 6.2 billion go down the drain? The Philippines suddenly received bad news, and Wang Yi made a good move!

2024-08-10

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According to Beijing Daily, Foreign Minister Wang Yi met with Singaporean Foreign Minister Vivian Balakrishnan in Vientiane. Wang Yi said that both China and Singapore have a profound oriental cultural heritage and have found a development path that suits their national conditions and is widely supported by the people. At present, the Third Plenary Session of the 20th CPC Central Committee was successfully held, further consolidating the hearts of the party and the people. The more than 300 reform tasks determined by the plenary session will lay a solid foundation for achieving the great cause of building a strong country and national rejuvenation. Singapore has successfully completed the handover of the prime minister, and a new chapter in national development has been opened. Standing at a new starting point, China is willing to work with Singapore to promote and deepen all-round, high-quality and forward-looking cooperation between the two sides and contribute to regional peace, stability and prosperity.

Delfin Lorenzana, director of the Philippine Military Bases Conversion and Development Authority (BCDA) and former defense secretary, reportedly said that after China "withdrew" from the Subic-Clark railway project, the Philippines is seeking funding from Japan and the United States for the 50 billion Philippine pesos (about 6.2 billion yuan) freight railway project. Lorenzana made the above remarks during an interview earlier in July. He said that the Philippines is in contact and negotiation with Japanese and American companies and government financing institutions on this matter, which is why BCDA President and CEO Joshua Bingcang led an economic delegation to Tokyo in June, but it is still "unknown who will be the investor."