Philippines Says Sea Tensions With China Have Not Hurt Economy.

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      The Philippines has stated that tensions with China over their competing claims in the South China Sea have not had a significant impact on the country's economy. Despite a slight decrease in first-quarter growth, the government remains willing to work with Chinese investors and has no intention of disadvantaging them. The Philippines dropped Chinese financing for three railway projects last year due to a lack of funding, but maintains that it is not turning against China. [Extracted from the article]
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