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World

Deal day for Duterte in Beijing

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World

Deal day for Duterte in Beijing

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COMING UP:Deal day for Duterte in Beijing

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00:00:01
>> Day three of Rodrigo Duterte's big business visit to China on Thursday. The Philippines president leading a massive trade delegation in Beijing on the lookout for lucrative deals. Duterte has been on a Chinese charm offensive in the past couple of months at the same time, distancing himself from Washington.
00:00:18
And as Reuter's Karen Lima reports, Chinese deal makers are embracing him with open arms.>> The Philippines agricultural minister told us that the China has agreed to lift a ban on Philippines fruit exports and that could certainly help the Philippine's floodplain farm sector. The farm minister said that the official announcement on the lifting of the fruit ban could happened in Beijing, as a form of gift to the Philippines leader.
00:00:44
Philippines financial officials also told us that they may take advantage of the expressions of support by China state owned lenders who have expressed their willingness to provide financial help to the government to support its massive infrastructure spending.>> A signing ceremony later on Thursday is widely seen, as the main event of Duterte's Beijing visit and the first agreement is already out.
00:01:09
A $3 billion loan from the Bank of China for ambitious new infrastructure projects in the Philippines.