Beijing, Manila agree on $3.7b in shared projects
Officials representing Beijing and Manila shook hands on joint projects worth $3.7 billion during a meeting in Beijing on Jan 23. The package is the initial installment of planned cooperative projects aiming to improve livelihoods, Minister of Commerce Gao Hucheng told reporters at a news briefing. The briefing came after discussions with a delegation led by Philippines Finance Secretary Carlos Domingue, who was in China from Jan 22 to 24. The delegation included ministerial officials responsible for areas such as economic planning, telecommunications, financing and public projects.