During the CNN Philippines senatorial debate on April 27, Magdalo Representative Gary Alejano surmised that the Philippines might be under China’s “economic colonization.”
With the country shackled to China by load agreements, Alejano claimed that it is a form of colonization through the use of an economic tool. According to the senatorial aspirant, this is a plot to take full control of the Philippines. Alejano said that China will lend the country a great amount of money until the Philippines falls into serious debt.
Alejado advised the government not to “put its eggs into one basket.” He suggested that the Philippines should make deals with other countries who provide loans with lower interest.
Alejano went on by saying that the Philippines should choose a neutral ally, one who it has no conflict with the West Philippines Sea.
Moreso, Alejano schooled the administration, sharing how several countries have become victims of this tactic of China. He said that the Philippines should have learned from these nations who ended up surrendering their natural assets after failing to settle their loans.
He warned, “It will happen to us with the West Philippine Sea.” Alejado added that China will not directly tell this but when the country is caught in enormous debt, Philippines will have no other option but to surrender its territory.
Fellow senatorial bet Florin Hilbay joined Alejandro, putting into question the government’s controversial deal with China.
He asked, “Kung yung kapitbahay mo kinukuha ang iyong karagatan, mangungutang ka ba sa kanya? (If your neighbor tries to take your territory, will you still borrow money from that person?)
Together with other candidates from the opposition, Alejano requested for “transparency” from the administration. The bets asked the government to be open about its dealings and transactions with China.
The government has been called out by critics for its “onerous” load agreements with China. They believe that Philippines is falling into China’s snare, which could put the country in danger.
The Department of Finance, however, assured that the country is less likely to default in its loans.
Meanwhile, President Rodrigo Duterte has long been criticized for being a slave to China amid the South China Sea dispute. Despite China’s blatant disregard for Philippine territories and its fisherfolks, Duterte remains in good terms with the nation’s head.