BEIJING/MANILA - Mr Ferdinand Marcos Jr inherited a national debt of 12.7 trillion pesos (S$305 billion) when he assumed the Philippine presidency in June 2022, along with a full plate of challenges to tackle. Read more at straitstimes.com.
The trip was Mr Marcos’ first to China since assuming the presidency and his first to a non-Asean country, and he was also the first foreign leader to be hosted by China in 2023.
China gave Mr Marcos the red-carpet treatment and signed 14 bilateral agreements, including the establishment of direct diplomatic communication to avoid miscalculation and miscommunication over the South China Sea. “I think we could safely conclude that this visit is generally successful... had succeeded in what he needs to achieve,” Dr Koh said.Marcos-led Philippines plays both sides in diplomatic tug of war with US and ChinaThere was no mention of whether Mr Xi asked Mr Marcos about his decision on an outstanding US request to double the number of American military bases in the Philippines to 10, or its offer of US$66.5 million to help upgrade three Philippine military bases.
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