Philippine Finance Secretary Carlos Dominguez said on Tuesday that there will be no dangers of a so-called debt trap from China-funded infrastructure projects, adding all the programs are "economically viable" and positive for the Philippine economy.

"We're aware that excessive debt, especially for projects that are not economically viable, are very bad. So all our projects, especially our projects with China, are all economically viable," said Dominguez.

Dominguez added that the other projects, particularly the railway project, between Manila and Bicol, will help the Bicol region. All these projects are going to be positive for the economy, he said.

“Also, the Philippines and China have a lot of projects in the pipeline. So we are moving quite quickly ahead," Dominguez said.