in reality.” This saying is what comes to my mind when I try to compare the condition of our country’s relationships with China before the Spanish period at the same time brand them this time around.
This dissatisfaction has now gone further to include what actions he has done so far to mend the issue. In fact, the PSEi has fallen down to 6,433.10 or by as much as 16.94 points or 0.26% below its starting level at the beginning of the year when it ended the month of May. Next, the market made a rebound with all the counters up on the first week of June. It erased the market’s deficit to cross into positive territory by 85.66 points or 1.33%. This effectively brought back the market with a year-to-date gain of 68.70 points or 1.07%. Much of the reasons attributed to this uptick is due to the decrease in the selling volume of foreign investors.
Market support is estimated to play from 6,160 to 5,950 while market resistance is expected to come in from 6,400 to 6,600.With China presently saddled with many serious political and economic threats inside and out, I believe what it is doing in the WPS is purely a play of brinkmanship. China could not afford going into a full-scale war just like that.
Obviously, too, it is counterproductive for the local political hierarchy to disturb the fragile political-economic landscape of the country. Going to war against a big power is dumb and reckless, as well. Likewise, it is not ideal for the US to be directly involved in an escalated war at this time, too. So, the risk of being left alone in the fight is very real. Resorting to skillful diplomacy is, therefore, our best game plan.
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