Marcos rule to return to Philippines after election landslide - Reuters
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Summary
Low interest rate loans from China could help limit the fiscal impact of the infrastructure push."Courting China would likely involve a trade-off in relations with the Philippines’ traditional ally, the U.S. There seems little economic rationale for turning away from a country that accounts for a greater share of export demand than China, has invested heavily in the large business process outsourcing sector and is a huge source of remittances.""Marcos Jr's victory signals the worst ascendancy and concentration of dynastic political power in the country's political history.
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