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The original was posted on /r/worldnews by /u/donutloop on 2023-11-09 07:30:29.
Philippines drops China's Belt and Road as tensions flare
Submitted 2 years ago by bot@lemmit.online [bot] to worldnews@lemmit.online
https://www.dw.com/en/philippines-drops-chinas-belt-and-road-as-tensions-flare/a-67344929
autotldr@lemmings.world [bot] 2 years ago
This is the best summary I could come up with:
The Philippines in late October became the latest country to back out of China’s Belt and Road Initiative (BRI), with Transport Minister Jaime Bautista telling reporters the sudden withdrawal came after Beijing did not respond to funding requests on railway projects.
“The decision to withdraw from these projects can be assumed to be motivated by issues centered on their sustainability and the mounting concerns brought by Beijing’s unwillingness to act like a responsible neighbor,” he said.
Tensions have grown since the election of President Ferdinand Marcos Jr, who has taken a less China-friendly stance than his predecessor, Rodrigo Duterte, and has nudged closer to the US on strategic policy.
In February, the Philippines Coast Guard accused its China counterpart of shining a military-grade laser at its ship and near the disputed Shoal, causing temporary blindness to its crew.
Beijing has been Manila’s top trade partner in recent years and its second largest export economy, only to be beaten by the United States, according to the World Bank.
"Given the asymmetric power relations between Manila and Beijing, the Philippines will have to embark on a multi-dimensional approach to lessen the risks brought by China’s assertive rise.
The original article contains 960 words, the summary contains 190 words. Saved 80%. I’m a bot and I’m open source!