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Philippine President Marcos’ diplomatic dance with China and US
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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.
