Militant solon warns PH of ‘debt trap’ from Chinese loans

        A progressive lawmaker on Wednesday denounced a state-controlled Chinese newspaper report claiming the Philippine government would use natural resources as collateral for multimillion-dollar loans from China.   In a press briefing, Bayan Muna Rep. Carlos Isagani Zarate has warned that if the report was true, the Philippines may fall victim of China's "debt trap" due to its "high interest rates."   "Maaari tayong maging biktima ng debt trap ng China, papautangin at eventually dahil may collateral, at may mga kondisyones, ang mamayang Pilipino ang kawawa," he said.   (We may fall victim of China's debt trap, we'll...Keep on reading: Militant solon warns PH of ‘debt trap’ from Chinese loans

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