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PH expects up to $2 billion in China investments to revive steel industry

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The country expects to receive up to $2 billion in investments from China to revive its steel industry, the Philippine ambassador to China, Jaime FlorCruz, said. | JMangaluzINQ

This is part of the 14 agreements that President Ferdinand Marcos Jr. signed during his state visit to China.

Other areas that the deals covered included agriculture, tourism, and trade.“We are expecting 1.5 to 2 billion dollars of investment to set up the first liquid steel plant,” FlorCruz said in Filipino in a press conference.FEATURED STORIES

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