Nowadays, the participating countries in the construction of the Belt and Road are expanding, and China's investment in infrastructure in the countries along the route continues unabated. On November 29, 2021, the Philippine government issued an announcement that the Chinese and Philippine government calls on foreign investors to use the Philippine infrastructure construction policy to invest in new projects or expand existing businesses in the Philippines.

The Philippine government launched the "Build, Build, Build" plan in April 2017. It is expected to invest 8.4 trillion Philippine pesos (approximately US$174.8 billion) in infrastructure construction within six years. The construction projects cover roads, bridges, airports, railways, ports, flood control facilities, etc. With the in-depth integration of the Belt and Road Initiative and the “Build, Build, Build” plan, a number of Chinese companies are currently participating in the construction of infrastructure in the Philippines, and China-Philippines intergovernmental cooperation projects are also steadily advancing.

China's non-financial direct investment in the Philippines increased by 263% year-on-year, and a number of large investment projects stepped up. Chinese Ambassador to the Philippines Huang Xilian said that facing the impact of the epidemic, China and the Philippines have actively shared experience in resuming work and production, continued to promote personnel and goods exchanges, and pragmatic cooperation has shown new highlights. The joint construction of the Belt and Road has helped the Philippines improve its railway, water conservancy, bridges and other infrastructure conditions, and the Philippines-China comprehensive strategic cooperative relationship has been further deepened.

In the post-epidemic era, the scale of infrastructure investment and construction in the Philippines has continued to expand. Philippine Finance Minister Dominguez said that during the remaining term of President Duterte, the Philippines will modernize governance as soon as possible and accelerate the advancement of infrastructure projects. In September alone, the Philippine government spent 71.2 billion pesos in the field of infrastructure, an increase of 25% from the 56.9 billion pesos in 2020; from January to September, the total expenditure in the field of infrastructure reached 641.5 billion pesos, a year-on-year increase of 25%. Editor/Xu Shengpeng