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MODEL PORTFOLIO THE GIST
NEWS AND FEATURES
Global Philippines Fine Living
INSIGHTS
INVESTMENT STRATEGY
Economy Stocks Bonds Currencies
THE BASICS
Investment Tips Explainers Retirement
WEBINARS
2024 Mid-Year Economi Briefing, economic growth in the Philippines
2024 Mid-Year Economic Briefing: Navigating the Easing Cycle
June 21, 2024
Investing with Love
Investing with Love: A Mother’s Guide to Putting Money to Work
May 15, 2024
retirement-ss-3
Investor Series: An Introduction to Estate Planning
September 1, 2023
View All Webinars
DOWNLOADS
investment-ss-3
Reports
Policy rate views: Fed expected to do baby steps
September 18, 2025 DOWNLOAD
economy-ss-9
Economic Updates
Inflation Update: Faster but full-year average within target
September 5, 2025 DOWNLOAD
948 x 535 px AdobeStock_433552847
Reports
Monthly Economic Update: Waiting on Jay Powell
September 2, 2025 DOWNLOAD
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Economy 2 MIN READ

UPDATE 2-China envoy says ties with Philippines to strengthen under Marcos

May 12, 2022By Reuters
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Adds Marcos comments paragraphs 10, 11

MANILA, May 12 (Reuters) – Relations between the Philippines and China will become stronger under the Southeast Asian country’s incoming president, Ferdinand Marcos Jr, China’s ambassador to Manila said on Thursday.

Marcos, the son and namesake of a former dictator, won an election this week by a landslide, a victory that could reshape his country’s ties with both China and the United States.

China was looking forward to working with the new government to upgrade cooperation, Ambassador Huang Xilian said in a Facebook post.

Marcos has long-standing ties with China and is seeking a new deal with Chinese President Xi Jinping over the contested waters of the South China Sea. nL2N2X30B2

The Philippines is pivotal in the rivalry between the United States and China. Its maritime territory includes part of the South China Sea, a strategic and resource-rich waterway over which China also claims sovereignty.

The Philippines is a long-standing treaty ally of the United States but the victory of Marcos is a potential blow to U.S. efforts to push back against China.

The relationship Marcos has had with the United States has been complicated by a contempt-of-court order for his refusal to cooperate with the District Court of Hawaii, which in 1995 ordered the Marcos family to pay $2 billion of plundered wealth to victims of Marcos Sr.’s rule.

Kurt Campbell, the White House coordinator for the Indo-Pacific, said on Wednesday the United States was seeking early engagement with the Marcos administration though he added that
historical considerations meant there would probably be “some initial challenges”. nL2N2X31I2

U.S. President Joe Biden called Marcos to congratulate him on his victory and said he looked forward to strengthening their alliance, the White House said.

“Thank you to leaders around the world who have extended their congratulations following our country’s historic elections,” Marcos said on Twitter late on Thursday.

“I look forward with great enthusiasm to working with the international community.”

(Reporting by Neil Jerome Morales
Writing by Ed Davies
Editing by Robert Birsel)

((neiljerome.morales@thomsonreuters.com; +632 8841 8914;))

This article originally appeared on reuters.com

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