Published: November 9th, 2023,
Last updated: November 9th, 2023
It almost seems like a trend of moving away from the new Silk Road. The Philippines are rejecting China’s loans and are opting to borrow money from Japan instead. President Ferdinand Marcos also invites the USA to expand military bases in their country. This marks a clear departure from the China policy of his predecessor. For Marcos, the primary concern is the threat posed by the territorial claims of the overwhelmingly large neighbor, as reported by Joern Petring.