NEW YORK CITY — Just days before his speech at the United Nations General Assembly, Philippine Department of Foreign Affairs Secretary Teddy “Boy” Locsin Jr. discussed the Philippines’ relations with China at a discussion with the Asia Society.
Locsin said Philippine President Rodrigo Duterte has asserted the country’s independence — even as it considers opportunities offered by the biggest economies in the world, China and Russia.
“The New China and resurge of Russia – China for economic benefit and Russia possibly for weapons the US won’t give or sell to us.”
While China has provided various economic opportunities for the Philippines — Locsin said there are other promises that need to be kept. He even noted how Japan is a more generous supporter.
Data from the Philippines’ National Economic and Development Authority or NEDA showed that Japan’s total Official Development Assistance, or ODA, as of March 19 was at $8.26 billion, which is 46 percent of the total oda that the Philippines has received.
While Japan is the top ODA fund source of the Philippines, China is only at eighth place, after the world bank, Asian development bank (ADB), the United States, Korea, Australia, and the United Nations.