Chinese foreign aid

The current political turmoil in the Philippines is rooted in large-scale robbery and corruption that was already approved but scuttled and later cancelled, involving the President of the Republic and various alleged money-bags -- her husband, her ex-Election Commissioner, her Transportation Secretary, etc. The project was a "national broadband network" (NBN), a foreign loan by the Chinese government to be
implemented by a Chinese company, zte corp.

Out of the US$329 million project cost, around one-half were meant for kickbacks and bribes, the on-going Senate investigations on the NBN deal reveals. There are a number of Chinese foreign aid-funded projects to Phil. government that are tainted or suspected to be tainted with large-scale corruption and robbery. Then there were surfacing articles and stories how the Chinese national oil company was allowed exploration work by the Philippine government in internationally-contested Spratlys islands. The promised Chinese foreign aid to the Philippine government in exchange for this agreement was allegedly $2 billion/year.

The current administration can't give a damn -- if these stories are true, they can get kickbacks by the hundreds of millions of $, and we taxpayers will pay for those loans by the Chinese government in the future. Those are loans, not grants.