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Commentary
The trade-off: Multi-billion dollar projects in exchange for Chinese exploration in PH EEZ
From the fragmented information about the resumption of talks on joint exploration with China in the disputed parts of the Spratlys, what is emerging is a repeat of jumbo loans that the administration of Gloria Arroyo obtained from the Chinese government in 2004 in exchange for agreeing to allow China to explore within the country’s economic exclusive zone.
