{"id":171825,"date":"2018-07-18T04:50:58","date_gmt":"2018-07-18T08:50:58","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=171825"},"modified":"2018-07-18T04:50:58","modified_gmt":"2018-07-18T08:50:58","slug":"chinese-envoy-guarantees-ph-wont-fall-into-debt-trap","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2018\/07\/18\/chinese-envoy-guarantees-ph-wont-fall-into-debt-trap\/","title":{"rendered":"Chinese envoy guarantees PH won\u2019t fall into \u2018debt trap\u2019"},"content":{"rendered":"<p style=\"font-weight: 400\">Chinese Ambassador to the Philippines Zhao Jianhua said that President Duterte and other economic managers are wise enough not to allow the country to head into a \u201cdebt trap,\u201d as opposed to claims of some experts and lawmakers.<\/p>\n<p>Even with the country making Chinese loans to fund its multibillion-peso \u2018Build Build Build\u2019 infrastructure program, Zhao assured that falling into a \u201cdebt trap,&#8221; which some assert as a consequence of such move is far from happening.<\/p>\n<p>\u201cUnder the wise leadership of President Duterte and economic management team headed by Secretary Dominguez, they are smart enough not to allow the Philippines to fall into the so-called debt trap,\u201d he said at the groundbreaking ceremony for the Binondo-Intramuros bridge that is to be built by the Chinese government for free.<\/p>\n<p>He further said that \u201cthere will be no question of the Philippines putting itself in debt\u201d because the government \u201cwill use some Chinese soft loans to finance some infrastructure projects\u201d and the \u201cinfrastructure project will be undertaken by a Chinese company through limited bidding process.\u201d<\/p>\n<p>\u201cActually, there has never been a debt trap. It\u2019s all based on mutual agreement,\u201d he said.<\/p>\n<p><strong>(DAILY NEWS ROUND UP FOR 07\/ 18 \/18)<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Chinese Ambassador to the Philippines Zhao Jianhua said that President Duterte and other economic managers are wise enough not to &hellip;<\/p>\n","protected":false},"author":33,"featured_media":114184,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-171825","post","type-post","status-publish","format-standard","has-post-thumbnail","category-uncategorized","mauthors-ro-angelica-equio","mauthors-philippine-canadian-inquirer"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/171825","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=171825"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/171825\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/114184"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=171825"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=171825"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=171825"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}