Read this in The Manila Times digital edition.

PRAGMATISM greeted the multibillion-dollar investment pledges announced in the wake of President Ferdinand "Bongbong" Marcos Jr.'s state visit to China given that the programs and projects involved have yet to break ground.

"The latest developments on investment commitments worth about $22.8 billion during President Marcos' visit to China could indeed lead to more US dollar inflows, especially in the form of foreign direct investments (FDI) into the country," Rizal Commercial Banking Corp. chief economist Michael Ricafort noted.

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