ASIANOMICS
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🇵🇭🇨🇳 Philippines not in business of instigating wars, says President Marcos
Philippine President Ferdinand Marcos Jr said on Sunday his country is not in the business of instigating wars and will always aim to settle disputes peacefully, amid escalating maritime confrontations with China.
"In defending the nation, we stay true to our Filipino nature that we would like to settle all these issues peacefully," Marcos said in a speech to troops of the Western Command unit in charge of overseeing the South China Sea.
Marcos, who did not name China in his speech, commended the troops for exercising restraint "amidst intense provocation", and said his country would always exercise its freedoms and rights in line with international law.
#ThePhilippines #China
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🇨🇳🇫🇷 China-France satellite will monitor most powerful explosions in space
An observatory built by Chinese and French researchers will hunt for the universe’s most powerful explosions after being launched into a low-Earth orbit in another landmark space mission between the two countries.
The Space-based multi-band astronomical Variable Objects Monitor, or SVOM, blasted off on top of a Long March 2C rocket from western China’s Xichang Satellite Launch Centre on Saturday.
The 930kg probe, which took hundreds of scientists and engineers nearly two decades to develop, will orbit Earth at 625km above the ground to accurately measure the location and energy of distant, violent explosions known as gamma-ray bursts.
#China #France
@asianomics
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🇺🇸🇨🇳 US Marine commandant says littoral regiment to be set up on Guam
The US Marines will deploy to Guam a littoral regiment capable of a flexible and rapid response in a "few years" as part of efforts to deal with China's growing assertiveness.
Gen. Eric Smith, the commandant of the Marine Corps, told a press conference in Washington that the Marine Littoral Regiment is "designed as a counter to PRC aggression," to protect Japan, South Korea and the Philippines.
Smith said the regiment, due to be based on the US island territory of Guam, "will have responsibility to rapidly deploy inside the first island chain into the Philippines in order to spread the battlespace out and to protect those strategic lines of communication that emanate from Japan, back to the Philippines, back to Hawaii."
#USA #China
@asianomics
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🇵🇭🇨🇳 Philippines says it did not consider invoking US pact over South China Sea clash
The Philippines did not consider invoking a mutual defence treaty with the United States after accusing China of disrupting a resupply mission in the disputed South China Sea, officials said.
Executive Secretary Lucas Bersamin, who also chairs the national maritime council, said the confrontation between Philippine navy sailors and the Chinese coast guard "was probably a misunderstanding or an accident".
"We are not yet ready to classify this as an armed attack," Bersamin told a briefing. "I think this is a matter that can easily be resolved by us and if China wants to work with us, we can work with China."
#ThePhilippines #China
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🇨🇳🇵🇭 New footage of the recent South China Sea incident. Chinese Coast Guard are armed with knives, trying to slash Philippines boats near Second Thomas Shoal. #China #ThePhilippines @asianomics
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🇨🇳🇩🇪 EU tariffs on China not a 'punishment', says German economy minister
Proposed European Union tariffs on Chinese goods are not a "punishment", Germany's Economy Minister Robert Habeck told Chinese officials in Beijing on Saturday.
Habeck's visit to China is the first by a senior European official since Brussels proposed hefty duties on imports of Chinese-made electric vehicles to combat what the EU considers excessive subsidies.
Any countervailing duty measure that results from the EU review "is not a punishment", he said, adding that such measures were meant to compensate for the advantages granted to Chinese companies by Beijing.
#China #Germany
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🇺🇸🇰🇷🇯🇵 US aircraft carrier arrives in South Korea for military drills
A nuclear-powered US aircraft carrier, the Theodore Roosevelt, arrived in South Korea's port city of Busan on Saturday for joint military exercises this month with the host nation and Japan.
The arrival came as the three countries are expected to hold their first-ever trilateral multidomain exercise, dubbed the Freedom Edge, later this month amid joint efforts to bolster security cooperation against North Korean threats.
The three sides agreed to launch the exercise during their three-way talks held on the sidelines of the Shangri-La Dialogue security conference earlier this month. It takes its name from key bilateral exercises the US holds with the Asian neighbors — Freedom Shield with South Korea and Keen Edge with Japan.
#USA #SouthKorea #Japan
@asianomics
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🇨🇳🇵🇭 Philippines wants China economic ties despite tensions
The Philippines' economic planning chief says the country is open to investment from and trade with "any country, including China," even as tensions between the two keep growing in the South China Sea.
China is the top trading partner for the Philippines, with $41 billion in combined exports and imports in 2023, followed by $21 billion with Japan and $20 billion with the US.
While the territorial tensions have significantly surfaced since 2023, a year after Marcos took office, the close economic relationship has not been affected. The share of Philippine exports to China and Hong Kong together remained around 27% in both 2022 and 2023. Net foreign direct investment (FDI) by China rose a slight 2% to $15.99 million in 2023 from the previous year.
#China #ThePhilippines
@asianomics
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🇨🇳🇵🇭 China coast guard personnel a "band of barbarians", says Philippine navy official
China's coast guard personnel acted like a "band of barbarians" during a Philippine resupply mission to a contested shoal in the South China Sea this week that led to injuries and damage to vessels, a senior navy official said.
A Philippine sailor suffered serious injury after what its military described as "intentional-high speed ramming" by the Chinese Coast Guard, aiming to disrupt a resupply mission for troops stationed on the Second Thomas Shoal.
"We were unprepared for that kind of response," Philippine navy spokesperson Roy Trinidad said in a phone interview on Thursday. "We stuck with the rules of engagement. They were not allowed to use guns except for self defense."
#China #ThePhilippines
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🇨🇳🇵🇭 New footage of the recent South China Sea incident. Chinese Coast Guard are armed with knives, trying to slash Philippines boats near Second Thomas Shoal. #China #ThePhilippines @asianomics
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🇦🇺🇨🇳 Australia seeks defense chiefs dialogue with China to reduce military incidents
Australian Defense Minister Richard Marles said that his country wants to restart annual dialogue with China's chief of defense to reduce misunderstandings between the militaries, with the matter raised with China's Premier Li Qiang this week.
Australia wants to resume annual meetings between the two nations' chiefs of defense and defense department secretaries. Although some defense dialogue has restarted after years of frozen ties, it wasn't at the level it was 10 years ago, when the defense chiefs regularly met, he said.
In an incident last month, a Chinese air force jet dropped flares near an Australian defense helicopter in international airspace over the Yellow Sea, which Australia called a dangerous encounter. China said it was a warning not to approach China's airspace.
#Australia #China
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🇦🇺🇨🇳 Australian PM Albanese says China military air incident unacceptable Australian Prime Minister Anthony Albanese said it was unacceptable for Australian defense personnel to be put at risk in international airspace by the Chinese military as they took part in an operation to enforce United Nations sanctions on North Korea. A Chinese fighter jet endangered an Australian military helicopter during an unsafe and unacceptable confrontation over the Yellow Sea, Australia said on Monday. The Chinese air force J-10 jet dropped flares above and several hundred meters ahead of an Australian MH60R Seahawk helicopter on a routine flight on Saturday in the Yellow Sea as part of an operation to enforce sanctions against North Korea, Defense Minister Richard Marles said on Monday evening. #Australia #China @asianomics
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🇻🇳🇵🇭 Vietnam says willing to talk to Philippines about Manila's UN maritime claim
Vietnam said on Friday it is willing to talk to the Philippines to seek measures that are in line with the interests of both countries, after Manila last week filed a claim with the UN to an extended continental shelf in the South China Sea.
"Vietnam once again affirms its sovereignty over the Hoang Sa and Truong Sa archipelagos in accordance with international law," foreign ministry spokesperson Pham Thu Hang said, referring to the Paracel and Spratly Islands.
"Coastal states, when submitting their outer continental shelf boundaries, need to respect the legitimate rights and interests of other relevant coastal states with opposite or adjacent coastlines," Hang said in the statement.
The map shows how continental shelf claims of different countries overlap in the South China Sea.
#Vietnam #ThePhilippines
@asianomics
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