Duterte back in Philippines with $9.5-B in Chinese investment deals

Duterte back in Philippines with $9.5-B in Chinese investment deals

BOAO FORUM Präsident Duterte und seine Tochter, die Bürgermeisterin von Davao, Sara Duterte-Carpio, posieren mit dem chinesischen Präsidenten Xi Jinping und seiner Frau Peng Liyuan vor der Eröffnung der Boao Forum for Asia Jahreskonferenz in Hainan, China. -MALACAÑANG FOTO

Manila, Philippines – President Rodrigo Duterte is back in the country after a short trip to China and Hong Kong.

The President returned home with a $9.5 billion worth of investment agreements from China after he attended the Boao Forum for Asia in Hainan province.

He arrived at the Davao International Airport from Hong Kong on board PR001 past 1 a.m.

President Duterte met with Chinese President Xi Jinping during a bilateral meeting where the two leaders agreed to craft a framework on the possible joint exploration in the disputed South China Sea.

The chief executive and Xi also discussed ways on how to further economic ties between the Philippines and China despite an ongoing maritime dispute.

After his China trip, the President met with the Filipino community in Hong Kong where he reported the administration’s achievements in its war against drugs, criminality and corruption.

President Duterte will be in the country for a week. He would again leave Manila to attend the 32nd Association of Southeast Asian Nations (Asean)Summit in Singapore on April 25 to 29.

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