Chinese leader Xi Jinping tells Philippine President Ferdinand Marcos Jr that China is willing to jointly explore oil and gas resources in the non-disputed areas of the South China Sea.
BEIJING, China – China is ready to resume oil and gas talks and manage maritime issues “cordially” with the Philippines, China President Xi Jinping said on Wednesday, January 4, according to Chinese state television.
Beijing territorial claims in the South China Sea, which is rich in oil, gas and fish, and where about $3 trillion in ship-borne trade passes annually, had been a source of tension between it and some Southeast Asian countries, including the Philippines. While the Philippines is a defense ally of the United States, under previous leader Rodrigo Duterte it set aside a territorial spat over the South China Sea in exchange for Chinese investment.
Xi also promised wide cooperation, from support for Chinese investment to the Philippines, to helping its neighbor develop its villages and agricultural technology, basic education, meteorology and space, and vaccines.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Philippine envoy says COVID-19 situation in China 'under control'BEIJING, China — For Philippine Ambassador to China Jaime FlorCruz, the COVID-19 situation here is already under control despite reports of increases in infections in the past weeks.
Read more »
Ahead of Marcos visit, Chinese state media downplays South China Sea disputeIn a series of articles published Tuesday, January 2, a Global Times editorial cast aside as “noise” issues relating to the South China Sea, adding that the dispute was one that “some Western media outlets have tried to play up.” READ:
Read more »
Marcos Jr. to discuss political security issues with Xi JinpingMANILA, Philippines — President Ferdinand “Bongbong” Marcos Jr. will discuss political security issues with Chinese President Xi Jinping during his three-day visit to China this
Read more »
Marcos state visit to China to give hint of ties against backdrop of sea row - BusinessWorld OnlinePhilippine President Ferdinand R. Marcos, Jr.’s meeting with his Chinese counterpart would set the tone of relations with China against the backdrop of their sea dispute, according to foreign policy experts. READ:
Read more »
Philippine debt stock’s swelling slowed, hit P13.64T in NovThe Philippine government’s debt stock again swelled but slower in November 2022, this time by 0.02 percent — an additional P3.15 billion — to a new record high of P13.644 trillion as the
Read more »
Memorable Philippine national costumes at Miss UniverseAside from the intense question and answer portion, the National Costume segment is another much-awaited part of the Miss Universe Competition.
Read more »