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Actually the Chinese are already very well entrenched in the Philippines. They have been investing {buying up} there for many years. A very rich elite.
Are you distinguishing between investors from China vs. Filipino Chinese businesspersons, who do number among the elite (though most Filipino Chinese aren't of the rich elite in the Philippines) - such as Lucio Tan, the SyCips, Gokongweis, etc.
Actually the Chinese are already very well entrenched in the Philippines. They have been investing {buying up} there for many years. A very rich elite.
just like in China or Russia, all wealth is subject to govt control if it wants to, like in 1972 when Marcos seized the companies of the oligarchy. just recently, he mentioned the name of an oligarch and the latter had to surrender his gambling license. mind you, no case has been filed against this oligarch and yet he has to be low profile suddenly
with his popularity, Duterte could easily seized this wealth if it wants to and being "socialist" kuno, distribute it to 16M who voted for him.
Location: When you take flak it means you are on target
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Good, cut off foregin aid and pull our bases. See if he likes us minus a few billion bucks.
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