China's Xi sees bigger role for joint development of offshore oil, gas with Philippines

SHANGHAI - Chinese President Xi Jinping said China and the Philippines could take a “bigger step” in the joint development of oil and gas resources in the South China Sea if they can properly handle their dispute over sovereignty.

The visit comes amid a recent rise in tension on several fronts, with Chinese vessels challenging energy assets and the sea boundaries of Malaysia, Vietnam and the Philippines. The United States has accused China of “coercive interference” and holding hostage $2.5 trillion of oil and gas in the region.

Duterte has been reluctant to press the issue, repeatedly warning that he risks starting a war if he does. Critics have dismissed that as nonsense and say Duterte is gambling with Philippine sovereignty and getting little from Beijing in return.It said Xi urged the two sides to “set aside disputes, eliminate external interference, and concentrate on conducting cooperation, making pragmatic efforts and seeking development”.

you know, make em’ an offer they can’t refuse.

Philippines will do better by aligning with China. Cut a good deal.

trap set

Sure..... once the confiscate there territorial waters.

Yeah. Philippines is being LED into a JOINT DEVELOPMENT TRAP. The entire South East Asia will end up under the control of the Chinese Communist Party

A joint effort is accepting China’s claim to the territory

Xi only wants use “debt trap” to tie the hands of Philippine people! Do not be deceived! Chinese people are evil!

Pooh bear

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