China and the Philippines are set to finalise $15bn worth of economic and investment deals in Beijing, after President Rodrigo's Détente's visit to China last October. The discussions will cover government-to-government projects signed between the Philippines and China; proposed projects for financing and feasibility studies; chairmanship of the Philippines this year of the Association of Southeast Asian Nations; and matters concerning the Asian Infrastructure Investment Bank (AIIB) and the Philippines’ flagship infrastructure projects such as the PNR South Line, the Mindanao Railway and the Subic-Clark Railway. The two countries have agreed on a series of projects including an oil pipeline from Indonesia through Papua New Guinea into Australia, as well as joint investments in infrastructure projects.
China and the Philippines are set to finalise $15bn worth of economic and investment deals in Beijing, after President Rodrigo's Détente's visit to China last October. The two countries have agreed on a series of projects including an oil pipeline from Indonesia through Papua New Guinea into Australia, as well as joint investments in infrastructure projects.