Index Investing News
Tuesday, October 7, 2025
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

Philippine leader cites stable ties on visit to Beijing

by Index Investing News
January 5, 2023
in World
Reading Time: 3 mins read
A A
0
Home World
Share on FacebookShare on Twitter


BEIJING — Philippine President Ferdinand Marcos Jr. has cited stable ties with China during a visit to Beijing in which he has sought to downplay territorial disputes in the South China Sea.

After being hard hit by the COVID-19 pandemic, both nations are seeking to recharge investments in bridges and other projects, along with tourism and agriculture.

Disputes linger however over islands and waters in the strategic South China Sea, which Beijing claims virtually in its entirety.

In a video address released by his office Wednesday, Marcos said the sides discussed “what we can do to move forward, to avoid possible mistakes, misunderstandings that could trigger a bigger problem than what we already have.”

Marcos said he made the case for Filipino fishermen who have been denied access to their traditional areas of operation by China’s navy and coast guard.

“The president promised that we would find a compromise and find a solution that will be beneficial so that our fishermen might be able to fish again in their natural fishing grounds,” Marcos said.

A joint statement issued Thursday said Xi and Marcos had an “in-depth and candid exchange of views on the situation in the South China Sea, emphasized that maritime issues do not comprise the sum-total of relations between the two countries and agreed to appropriately manage differences through peaceful means,” according to China’s official Xinhua News Agency.

“Both sides reaffirmed the importance of maintaining and promoting peace and stability in the region and the freedom of navigation in and overflight above the South China Sea,” the statement added.

Accompanied by a large business delegation, Marcos presided at meetings Thursday seeking to finalize trade and investment deals. China accounts for 20% of the Philippines’ foreign trade and is also a major source of foreign direct investment.

China’s official Xinhua News Agency said that both sides “agreed to handle maritime issues properly through friendly consultation” and resume talks on oil and gas exploration.

Xi named agriculture, infrastructure, energy and culture as four key areas of cooperation. He said that China is willing to assist in agriculture and rural development in the Philippines and in infrastructure and connectivity projects, Xinhua reported.

Marcos received a commitment from Xi to address the Philippines’ trade deficit with China, his office said. The two sides are finalizing rules for imports of fruits from the Philippines, which Marcos said would start to balance the trade.

The Philippine leader said he also looked forward to the return of Chinese tourists once the COVID-19 situation in China settles. Last year, only about 9,500 Chinese visited the Philippines, down from about 1.6 million before the pandemic.

In comments to the head of China’s ceremonial legislature, Li Zhanshu, Marcos said the two countries “be able to face the challenges and the different shocks that now we are already beginning to feel and will be continue to feel in the next few years.”

Beijing has ignored a 2016 ruling by a tribunal in The Hague brought by the Philippines that invalidated Beijing’s claims to the waterway.

China has since developed disputed reefs into artificial islands with airplane runways and other structures so they now resemble forward military bases.

Most recently, a Filipino military commander reported that the Chinese coast guard forcibly seized Chinese rocket debris that Philippine navy personnel had retrieved in the South China Sea last month.

China denied the forcible seizure, saying the Filipino sailors willingly handed over the debris. Marcos did not say whether he had raised the issue in his meetings with Chinese leaders.



Source link

Tags: BeijingcitesleaderPhilippineStableTiesvisit
ShareTweetShareShare
Previous Post

Pakistan orders malls to close early amid economic crisis

Next Post

FirstFT: IMF warns US inflation has not ‘turned the corner yet’

Related Posts

Behind the Gen Z protesters who need to power Madagascar’s president from energy

Behind the Gen Z protesters who need to power Madagascar’s president from energy

by Index Investing News
October 3, 2025
0

Hundreds of individuals in Madagascar have taken to the streets in numerous elements of the nation for the previous week...

Rising Lion Exhibits the U.S. Wants Extra Allies Like Israel – The Cipher Temporary

Rising Lion Exhibits the U.S. Wants Extra Allies Like Israel – The Cipher Temporary

by Index Investing News
September 24, 2025
0

OPINION — Israel’s Operation Rising Lion will go down as among the many most spectacular navy campaigns in historical past....

The Case of Charlie Kirk — International Points

The Case of Charlie Kirk — International Points

by Index Investing News
September 20, 2025
0

Charlie Weimers with EU flag and the Sweden Democrat’s occasion image, a bluebell.by Jan Lundius (stockholm, sweden)Friday, September 19, 2025Inter Press...

New Su-34 fighter-bombers delivered to Russian army

New Su-34 fighter-bombers delivered to Russian army

by Index Investing News
September 16, 2025
0

Russia’s United Plane Company (UAC) has delivered one other batch of Su-34 fighter-bombers to the Russian Aerospace Forces (VKS) as...

Rescuers seek for lacking individuals as lethal Indonesia floods recede | Floods Information

Rescuers seek for lacking individuals as lethal Indonesia floods recede | Floods Information

by Index Investing News
September 12, 2025
0

A weeklong state of emergency has been declared for floods which have left a minimum of 21 individuals lifeless.Rescuers have...

Next Post
FirstFT: IMF warns US inflation has not ‘turned the corner yet’

FirstFT: IMF warns US inflation has not ‘turned the corner yet’

Cronos (CRO) Up 4% In Last Week Amid Recession Fears

Cronos (CRO) Up 4% In Last Week Amid Recession Fears

RECOMMENDED

PK ‘Shocked, Disillusioned and Upset’ Over Dorit’s Feedback About Cut up on RHOBH

PK ‘Shocked, Disillusioned and Upset’ Over Dorit’s Feedback About Cut up on RHOBH

December 25, 2024
The hidden risks posed by knowledge brokers must be addressed

The hidden risks posed by knowledge brokers must be addressed

December 9, 2024
Bitcoin continues to outperform Warren Buffett’s portfolio, and the gap is set to widen By Cointelegraph

Bitcoin continues to outperform Warren Buffett’s portfolio, and the gap is set to widen By Cointelegraph

September 2, 2023
Pessimism mounts over a global economy facing multiple shocks

Pessimism mounts over a global economy facing multiple shocks

October 14, 2022
Evaluation-Walz’s ‘Minnesota good’ picture resonates with some Midwestern voters By Reuters

Evaluation-Walz’s ‘Minnesota good’ picture resonates with some Midwestern voters By Reuters

August 17, 2024
Policy changes look to reduce 401(k) plan ‘leakage’

Policy changes look to reduce 401(k) plan ‘leakage’

February 12, 2024
The Armenian Prisoners in Azerbaijan — Global Issues

The Armenian Prisoners in Azerbaijan — Global Issues

January 25, 2024
The Advantages Of Life Insurance coverage: Evaluating Your Wants

The Advantages Of Life Insurance coverage: Evaluating Your Wants

June 5, 2024
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In