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BEIJING/MANILA — China summoned the ambassador from the Philippines on Tuesday (Jan 16) and warned the country "not to play with fire" after President Ferdinand Marcos Jr congratulated Taiwan's president-elect Lai Ching-te on his election victory.
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His comments suggest that energy exploration could well be the next flashpoint in the territorial disputes in the South China Sea, where Beijing has laid a sweeping claim opposed by countries including the Philippines and rejected by an international tribunal in 2016. The Philippines, which imports almost all its fuel requirements, has been trying to start energy exploration in its territorial waters as a key local gas field nears depletion.
HONG KONG - A court in Beijing declared on Friday that it has accepted an application for bankruptcy liquidation by Zhongzhi Enterprise Group, the embattled Chinese wealth manager with substantial debt.
BEIJING/MANILA (Reuters) -- China and the Philippines have agreed to improve maritime communication and to properly manage conflicts and differences through friendly talks in regard to issues around the South China Sea, their foreign ministries said in a statement.
MANILA (Reuters) -- The Philippines hopes to sign in the first quarter of the year an agreement with Japan allowing the deployment of military forces on each other's soil, Manila's defense secretary said on Tuesday.
WASHINGTON -- The prospect of having former U.S. President Donald Trump and Taiwan President-elect Lai Ching-te in office at the same time is leaving China scrambling to rethink strategies, an analyst said Tuesday after the Taiwan election and the Iowa Republican caucuses.
Lai Ching-te of the ruling Democratic Progressive Party (DPP) won Taiwan's presidential election on Saturday. Amid its ongoing push to reinforce its robust democracy, Taiwan maintained its position of distancing itself from the communist dictatorship of China. In other words, the status quo continues between the two governments. Beijing must respect the will of the Taiwanese voters and refrain from further military intimidation.