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Trade war

FedEx expands in Philippines, cutting China dependence

Courier to build terminal at former US base as trade war bites

MANILA -- U.S. courier FedEx will develop a regional cargo terminal at Clark Air Base in the Philippines as the bruising U.S.-China trade war forces the company to rely less on its Guangzhou hub.

The construction of the new and larger gateway, which began late last year, will be completed by the end of 2020 and will house FedEx's expanded Philippine operations, government and company officials confirmed.

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