Marcos emphasizes economic ties on state visit to China
The countries have been rocked by economic crises linked to the Covid-19 pandemic, but are looking to recharge investments in bridges and other projects, along with tourism and agriculture.
The visit comes against the background of disputes over islands and waters in the strategic South China Sea. Accompanied by a large business delegation, Marcos has said he will seek to finalize major infrastructure agreements during the visit.
China accounts for 20 percent of the Philippines’ foreign trade and is also a major source of foreign direct investment.
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 we are already beginning to feel and will continue to feel in the next few years.”
China’s increasingly assertive territorial claims have placed the Philippines in a quandary, most pointedly in regard to China’s claim to virtually the entire South China Sea. 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. Marcos said he would seek further clarification on his visit to Beijing. (AP)