Arroyo meets Chinese business people who want to invest in Clark



Among the Chinese traders who met Speaker Gloria Macapagal Arroyo is Chuanjian Feng, a member of the Chinese People's Political Consultative Conference

Published at 15:28 PM, August 28, 2018

Updated at 15:36, August 28, 2018

MEETING WITH THE CHINESE. Speaker Gloria Macapagal Arroyo poses for a photo with Chinese business people and officers from Clark Development Corporation. All photo's of the Arroyo office

MEETING WITH THE CHINESE. Speaker Gloria Macapagal Arroyo poses for a photo with Chinese business people and officers from Clark Development Corporation. All photo's of the Arroyo office

MANILA, Philippines – Speaker Gloria Macapagal Arroyo met a number of Chinese businessmen who wanted to invest in the Clark Freeport and the Special Economic Zone.

Arroyo's office sent photo's of its lunch meeting with 19 Chinese traders and officials from the Clark Development Corporation on Tuesday, August 28th.

Among the Chinese businessmen she met was Chuanjian Feng, chairman of the Golden Eagle Investment Corporation. Feng is also a member of the national committee of the Chinese People & # 39; s Political Consultative Conference, the political advisory body of China.

"The Chinese government encourages its entrepreneurs, such as Jack Ma, to participate in private companies and I met with some of them because they are interested to stop their investments here in Clark," said the former president of Pampanga, the representative of the 2nd district.

Arroyo said that one of the Chinese traders, whom she did not mention, is interested in investing in an agro-industrial development of 10,000 hectares in Clark.

Arroyo supports the decision of President Rodrigo Duterte to strengthen ties with China, and said earlier that the friendship between the Philippines and the Asian economic giant is exactly right & # 39; is.

Like Duterte, Arroyo supported a joint venture with Chine in the Philippine west coast. During its term, the Philippines entered into the controversial Joint Marine Seismic Undertaking (JMSU) with China and Vietnam, where the three countries agreed to conduct a joint seismic study in the West Philippine Sea.

Arroyo critics claimed that they had committed "betrayal" by allowing the JMSU, which expired in 2008. That same year, a petition was filed requesting the Supreme Court to cancel the JMSU after it had expired in order to prevent the repetition of a similar agreement in the future. (READ: Duterte admin revives Arroyo policy, controversies)

Because of the JMSU, Arroyo was seen as "significantly more receptive" to Beijing's commercial incentives and was "apparently willing to compromise" on the country's claims, according to a report from the International Crisis Group. (READ: Why does China prefer Arroyo over Aquino)

Arroyo's presidency was also shocked at the controversy surrounding the unsuccessful $ 329 million National Broadband Network (NBN) deal signed by the Philippine government with China's ZTE Corp in 2007.

In September 2016, the Sandiganbayan anti-graft court already divided the remaining graft cases against Arroyo over the NBN-ZTE deal.

On 11 April, Arroyo was elected to the Board of Directors of the Boao Forum for Asia in Hainan, China. – Rappler.com


Source link

Leave a Reply