News analysis | Philippine President Marcos’ diplomatic dance with China and US
Philippine President Ferdinand Marcos Jr and Chinese President Xi Jinping at the Great Hall of the People in Beijing, China on Jan 4, 2023. PHOTO: OFFICE OF THE PRESS SECRETARY
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BEIJING/MANILA – Mr Ferdinand Marcos Jr inherited a national debt of 12.7 trillion pesos (S$305 billion) when he assumed the Philippine presidency in June 2022, along with a full plate of challenges to tackle.
Among the domestic woes he continues to face are a slowing economy reeling from the Covid-19 pandemic, rising food prices, infighting among allies and inadequate infrastructure.
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READ MORE: https://www.straitstimes.com/asia/marcos-diplomatic-dance-with-china-and-us
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