“China has expressed keen interest in helping the Philippines become self-reliant in meeting its steel requirements by investing between $1.5 and $2 billion to put up a liquid steel plant here”And the white knight in this particular case will be, as you might have guessed, China, our closest neighbor in our northwestern seaboard.
FlorCruz said the signed agreements that’s now on the table will lead to many projects that will boost the country’s economic development. “We can see that this is aligned with own needs. China wants to invest in this project because we need such a facility and we will benefit from it in the long run,” he explained in a mix of English and Filipino.
“This time nararamdaman ko na ‘yung mga pledges, ‘yung mga MOUs [Memorandum of Understanding], ay talagang senyales ng mga opisyal sa taas na ‘this time we deliver, we deliver tangible benefits, tangible projects,” he added