Philippines Terminates Belt and Road Initiative Projects

On 2nd November, 2023, the Philippines Department of Transportation made a significant decision to fully terminate major infrastructure projects under the Belt and Road Initiative (BRI) in favour of Western and Japanese competitors.

  • This move comes amid economic and political uncertainties, raising doubts about China's crucial investments in the Philippines.
  • The move signifies a new low in Philippines-China relations, contrasting with the warm engagement during President Rodrigo Duterte’s tenure.
  • China's diplomatic approach under President Duterte faced criticism for "pledge trap" diplomacy, where substantial investments were promised in exchange for concessions in the South China Sea.
  • However, most of the $24 ....
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