Posted inVantage Point

The “all-time high”

Philippine-Chinese relations are “at an all-time high,” as Mrs. Gloria Macapagal Arroyo declared in Xiamen the other day, China being nowadays a capitalist power exporting its excess capital all over the world including the Philippines. Chinese capital—the homegrown one amassed through the privatization of such key sectors of its economy as heavy industry, rather than […]