Locsin shows copy of PH-China joint oil exploration deal

Locsin shows copy of PH-China joint oil exploration deal

Locsin Jr. earlier said the focus of the visit will be the Philippines's joining China's Belt and Road Initiative, a massive trade and infrastructure project that aims to link Asia, Europe and Africa, covering at least 68 countries.

President Xi Jinping is on an official state visit to Manila following his attendance to the APEC in Papua New Guinea and a visit to Brunei. Xi has denied that Chinese loans could lead to a "debt trap".

Beijing's relations with Manila stagnated over long-seething territorial rifts in the South China Sea until Duterte won the presidency in mid-2016 and rebuilt ties with China while often pillorying US security policies in a dramatic pivot.

Duterte has refused to immediately demand Chinese compliance to the landmark ruling, which invalidated China's sweeping claims to the waters, where Beijing has transformed a string of disputed reefs into missile-protected island bases. Also tackled was infrastructure development, particularly China's participation in projects under the Duterte administration's "Build Build Build" program, which aims to bring about a golden age of Infrastructure in our country.

China won a windfall partner with the 2016 election of President Rodrigo Duterte, who has rattled the Philippines´ century-old bond with the USA while courting trade and investment from the rising American rival. The joint statement called such infrastructure projects a "highlight of China-Philippines bilateral cooperation".

Xi, for his part, extended his honest greetings and best wishes to all the people of the Philippines, saying that he had been looking forward to this visit.

And according to the Chinese president, both sides have agreed to elevate their relationship into one of comprehensive, strategic cooperation.

Chinese investors poured money into online gaming, real estate, service providers and stakes in existing Filipino firms, but not into large-scale infrastructure or manufacturing, Wyatt said.

Argentine submarine: Missing ARA San Juan imploded, navy confirms
Families of the crew say they are determined to fight for the rescue of the submarine and those inside. But Yolanda Mendiola, the mother of crewman Leandro Cisneros, said: "We are with the other relatives".

But the Foreign Secretary said he could lift the moratorium, but would need a go-signal from President Rodrigo Duterte.

"There's friction between China and Western nations", Duterte said last week, noting that the Philippines doesn't want to see any miscalculation.

The same survey found that 65 percent were aware of China's abuses of Filipino fishermen in the disputed West Philippine Sea. Chinese officials have asked Washington to back off from what they say is a purely Asian dispute, but the USA has vowed to maintain a presence in the waters, where it has no claims but has vowed to continue naval patrols to promote freedom of navigation and overflight despite Chinese warnings.

Further, the DFA said both leaders noted that the situation in the South China Sea has become generally more stable as a result of joint cooperative efforts between China, the Philippines, and other ASEAN member states.

"What he is saying is, we have to exercise self-restraint because any conflict that arises in that region will definitely affect us, as I said earlier, it could be inflaming collateral damage or creating inferno", he said.

The two-day state visit will officially start today with a welcome ceremony in Malacañang in the afternoon followed by guest book signing, expanded bilateral meeting, witnessing of the signing or exchange of agreements, joint press statements and a state banquet.

Xi expressed the hope that the Philippines' top legislature will play a bigger role in promoting China-Philippines friendship, during a meeting with the Philippines' House of Representatives Speaker Gloria Macapagal Arroyo and President of the Senate Vicente Sotto III here on Wednesday.

The documents signed included a memorandum of understanding on the cooperation on oil and gas development.

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