- The Belt and Road Initiative of China still includes the Philippines.
- It has begun to wind down this initiative lately.
- The government of the Philippines has decided to terminate all Belt and Road Initiative projects and transfer project-related tasks to Japan and Western nations.
- According to the Philippines Senate, China’s investments are all viewed with suspicion for both political and economic grounds.
- China had declared that as part of the Belt and Road Initiative, it would invest $4.9 billion in the Philippines.
- President Ferdinand Marcos Jr. of the Philippines had voiced concerns about China’s stern attitude against the country’s patrolling in the South China Sea.
- Philippines is the second nation to withdraw from this project, following Italy.
