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Philippines' new leader Ferdinand Marcos Jr tears up $5BILLION railways deal with China after Beijing ‘failed to put up the money'

[Daily Mail, where America gets its news]

Manila ends China transport deal after Beijing 'failed to act on funding requests'

New president Ferdinand 'Bongbong' Marcos Jr will seek cash from other nations

Three major railway projects are now $4.9billion short - and investors needed

But Beijing insists: 'China-Philippines cooperation over railways will continue'

Related:
Bongbong: 2022-07-01 Ferdinand Marcos Jr. is officially inaugurated as the Philippine leader
Bongbong: 2022-05-11 Imelda Marcos's son wins landslide presidential election victory in the Philippines with almost 30 million votes - more than double his nearest rival's tally
Bongbong: 2015-05-11 MILF to Bongbong: ‘Pass BBL to atone for your father’s sins’

Posted by: Skidmark 2022-07-17

http://www.rantburg.com/poparticle.php?ID=638600