Index Investing News
Saturday, May 16, 2026
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

Oklahoma sues Roblox, AG claims online game ‘exploited minors’

Oklahoma sues Roblox, AG claims online game ‘exploited minors’

by Index Investing News
May 15, 2026
0

Oklahoma became the 12th U.S. state to sue Roblox on Thursday. WASHINGTON — The Oklahoma attorney general announced he was...

Prosecutors cite terrorist intent in bomb attack on headquarters of Dutch ruling party

Prosecutors cite terrorist intent in bomb attack on headquarters of Dutch ruling party

by Index Investing News
May 11, 2026
0

THE HAGUE, Netherlands -- A 37-year-old man accused of a bomb attack on the Dutch premier’s party headquarters is suspected...

Australian women, children linked to ISIS return from Syria

Australian women, children linked to ISIS return from Syria

by Index Investing News
May 7, 2026
0

Listen to this articleEstimated 4 minutesThe audio version of this article is generated by AI-based technology. Mispronunciations can occur. We...

Spam—not the tasty kind—debuted on this day — Science & Technology — Sott.net

Spam—not the tasty kind—debuted on this day — Science & Technology — Sott.net

by Index Investing News
May 3, 2026
0

© Tom Kelly/Getty On this day in 1978, a marketing manager for a Massachusetts computer company unknowingly made history: He...

Bangladesh enters nuclear era with Russian-built power project (VIDEO) — RT World News

Bangladesh enters nuclear era with Russian-built power project (VIDEO) — RT World News

by Index Investing News
April 29, 2026
0

RT India reports from the Rooppur Nuclear Power Plant on a major milestone for the South Asian nation The beginning...

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

The Case for DeSci

The Case for DeSci

December 26, 2024
UBS to face tougher rules in Swiss response to Credit Suisse rescue By Reuters

UBS to face tougher rules in Swiss response to Credit Suisse rescue By Reuters

April 10, 2024
What Is The Richest City In New York? Latest Census Data Sheds New Light

What Is The Richest City In New York? Latest Census Data Sheds New Light

September 7, 2023
Home Panel Strikes Down IRS Crypto Rule—DeFi Simply Scored a Main Win

Home Panel Strikes Down IRS Crypto Rule—DeFi Simply Scored a Main Win

March 1, 2025
Rent prices across the U.S. grew in March, with one exception

Rent prices across the U.S. grew in March, with one exception

March 29, 2024
Depreciation 101 and When to Sell a Reliable Rental

Depreciation 101 and When to Sell a Reliable Rental

October 15, 2023
EPA finalizes stronger standards for soot pollution in latest Biden climate action

EPA finalizes stronger standards for soot pollution in latest Biden climate action

February 11, 2024
Girls Traders’ AUM Rising, North Jap States Lead The Pack: AMFI-Crisil Report

Girls Traders’ AUM Rising, North Jap States Lead The Pack: AMFI-Crisil Report

March 29, 2025
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