Philippine government develop ties with Beijing after years of conflict over the territorial claims in South China Sea through seeking Chinese investment to fund its infrastructure.
According to Carlos Dominguez, the Philippine Finance Secretary that Manila is open to doing business with China after years of strained ties under the reign of former Philippine President Benigno Aquino III.
Knowing that last administrator hardly spoke to them but now Philippines are ready to talk to them that it is time to decrease tensions between Beijing and invite Chinese infrastructure projects on the upcoming months.
After the victory of Philippine President Rodrigo Duterte last May elections, he attacked the US on tradition ally and have its greater cooperation with China instead.
Philippine welcomes China to direct towards infrastructure projects and plan to bring back the former trading expanding from Asia to Europe that was dubbed as "One Belt, One Road."
Dominguez emphasized that Philippines is targetting investment from the China Asia Infrastructure Investment Bank that might give a huge source of funding for infrastructure spending only after the government will submit to the Philippine senate its application to unite the bank over the coming days.
