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PH Not Taking Sides Amid Possible US-China Trade War: Palace

The Philippines is not taking any side amid the possible trade war between the United States and China, according to Malacanang. President Rodrigo R. Duterte had emphasized during his bilateral meeting with Chinese President Xi Jinping on Tuesday the need for Beijing to “defend the East” isolationist trade policies, Presidential Spokesperson Harry Roque said. “He […].....»»

Category: newsSource: metrocebu metrocebuApr 15th, 2018

Palace: PH will not take sides on US-China trade war

Malacañang said that the Philippines will not be taking sides in the trade war between the United States and China, following the trade spat between the two superpowers which shook stock markets across the globe. Palace: PH will not take sides on US-China trade war HONG KONG—Malacañang said that the Philippines will not be taking… link: Palace: PH will not take sides on US-China trade war.....»»

Category: newsSource:  manilainformerRelated NewsApr 11th, 2018

Palace: Phl not taking soft stance on China

The Palace denied it is going soft on China amid reports of a resumption of build-up over disputed portions of the South China Sea (SCS) that foreign ministers of the Association of Southeast Asian Nations (Asean) have criticized. Presidential spokesman Harry Roque said the Philippines shares Asean leaders’ concern regarding China’s aggressive actions on what is said to be the world’s busiest waterways.The recently concluded Asean foreign and defense ministers in Singapore issued a statement that did not name China but said that “land reclamations and activities in the area . . . have eroded trust and confidence, increased tensions and may undermine peace, security and stability in the region.” The Asean ministers resolved to expedite the code of conduct (CoC) on how to negotiate with China regarding overlapping maritime claims.“Asean’s concern on the Chinese build-up is right because Asean, as a regional bloc, wants to adhere to discussions pertaining to the code of conduct,” Roque said.“We cannot be not joining the call because the Philippines is one of those concerned in this campaign,” he added.Roque also disputed views that Manila is not among those insistent in pressing Beijing to speed up the CoC drafting. “We are not being too soft (on China) but we have an established policy on that. Number one, of course, is we are one with Asean in recognizing that this is a concern for all Asean countries. Particularly that of the freedom of navigation in the West Philippine Sea,” Roque said.“Our common concern is peace security and stability in one of the world’s busiest sea lanes,” he added.During Manila’s hosting of the Asean last year, President Duterte did not cite the Permanent Court of Arbitration (PCA) ruling that nullified Beijing’s sweeping claim over nearly the entire South China Sea.It was the Philippine government that contested China’s nine-dash-line claim before the Hague court. China, however, refuses to recognize it.Apart from the Philippines, other Asean countries also have overlapping claims at the South China Sea including Vietnam, Malaysia and Brunei.Reclamation to continueChina in its known mouthpiece Global Times said Beijing is concentrating on civil and not military construction on islands in the South China Sea but insisted that the Chinese “will expand land reclamation.”“Most of the construction on islands in the South China Sea were completed in 2015 and the pace then slowed. Civilian facility construction is the major focus of the South China Sea islands building and the portion of defense deployment is relatively small,” Global Times quoted Chen Xiangmiao, a research fellow at the National Institute for the South China Sea.The size of some South China Sea islands will be further expanded in future through more dredging in the South China Sea region, Chen said.The relationship between China and other Southeast Asian countries, such as the Philippines, has becalmed in recent years, providing a golden opportunity for China to upgrade these areas, he said.China and the Philippines are enjoying good terms as President Rodrigo Duterte maintains a friendly policy toward China, Chen said. “But there is still some domestic pressure that urges Duterte to take a tough stance on China and the South China Sea issue,” Chen said.Foreign media like to hype China’s construction in the South China Sea as they try to make excuses to prevent China’s activities in this region, Zhuang Guotu, head of Xiamen University’s Southeast Asian Studies Center, told the Global Times.“China has the right to build whatever it needs within its territory,” Zhuang said.China’s military deployment in the South China Sea region was “not for military expansion,” but to defend its security and interests, he said.Zhuang and Chen warned the US is the biggest threat to stability in the South China Sea.“The US, Australia, Japan and other allies will constantly provoke China over this issue and that will incite other neighboring South China Sea countries to do the same,” Zhuang said.China’s construction projects in the region covered about 290,000 square meters in 2017, including new facilities for underground storage, administrative buildings and large radar, according to a report released in December on the nanhai.haiwainet.cn website run by the National Marine Data and Information Service and People’s Daily Overseas edition. No foreign vessels at BenhamThe Armed Forces of the Philippines (AFP) has not monitored any foreign vessels at the Philippine Rise, formerly known as Benham Rise, during its latest patrol in the area. Lt. Col. Isagani Nato, AFP-Northern Luzon Command (Nolcom) spokesman, said that based on the latest patrol conducted by Nolcom troops, there was no presence of foreign ships at Philippine Rise.“As of now, we don’t have a report that there is presence (of foreign vessels) in Benham Rise,” said Nato.Earlier, Agriculture Secretary Emmanuel Piñol announced that President Duterte has banned foreign ships at the Philippine Rise and ordered the military to patrol the area.The announcement came following an uproar from government critics after the Duterte administration allowed the Chinese to conduct scientific research at the Philippine Rise.Nato, however, said that Nolcom is yet to receive official order regarding the matter.But Nato maintained that with or without the latest directive, Nolcom has regularly conducted air and maritime patrols along Philippine Rise.Apart from Nolcom, the Air Force and the Philippine Navy, Nato said that the Philippine Coast Guard, the Bureau of Fisheries and Aquatic Resources (BFAR) and the Philippine National Police-Maritime Group (PNP-MG) also conduct their own patrol in the area.He said the Nolcom uses air and naval assets of the Navy and the Air Force units under its jurisdiction.“We conduct our patrols regularly. It is a mandate of Nolcom forces so that is continuous with or without the directive from higher ups,” said Nato.According to Nato, Nolcom conducts three to four maritime and air patrol at Philippine Rise per month as part of the government efforts to secure the country’s maritime domain.ML ruling lauded, hitThe Supreme Court’s (SC) decision to uphold Mr. Duterte’s year-long martial law extension in Mindanao also drew mixed reactions.The High Court on Tuesday voted 10-5 junking militant groups’ petition and finding “sufficient factual basis” to extend martial law and suspend the privilege of wirt of habeas corpus in Mindanao until December 31, 2018.Roque welcomed the ruling saying that it affirms the need to continue protecting citizens from the threat of terrorist groups, primarily Islamic State (IS)-inspired fanatics.But for Left-leaning groups who petitioned the SC to lift martial law, the court decision opens up more crackdowns and human rights violations.The Palace official has insisted that human rights will be respected amid security operations.“The SC ruling underscores the unity of the whole government in its bid to defeat terrorism and prevent the spread in other parts of the country of DIWW and other like-minded local and foreign terrorist groups,” Roque said.“The majority of votes is a manifestation of confidence on law enforcement agencies that they shall, like they had been doing before, continue to protect our people, secure Mindanao, and pursue the bigger task of rehabilitation while upholding the rule of law, Human Rights, and International Humanitarian Law,” he added.Human rights watchdog Karapatan sees the contrary in the government’s motives, saying that the year-long military rule will boost attacks on the people.The continuous implementation of martial law in Mindanao will allow the unhampered massive rehabilitation in war-torn Marawi City and boost the security forces campaign to finish off the rebellion, the Department of National Defense (DND) said. In a statement, Defense Secretary Delfin Lorenzana said that the Supreme Court’s decision affirming the constitutionality of the one-year extension of martial law in Mindanao will definitely boost government efforts to rebuild Marawi City and address continuing rebellion.The defense chief welcomed the SC decision as a vote of confidence to the government security forces.“The DND – AFP is grateful for the trust and confidence of our public institutions and the support of the Filipino people,” said Lorenzana. Mario J. Mallari.....»»

Category: newsSource:  tribuneRelated NewsJun 7th, 2018

China tech giant sidelined, US imports held amid trade spat

More talks aimed at resolving the conflict are planned for next week in Washington, while both sides dig in for a fight over their trade imbalance......»»

Category: newsSource:  philstarRelated NewsMay 10th, 2018

Philippines ‘not taking sides’ in China-US trade war but wants Beijing to ‘defend the East’

By Arjay L. Balinbin, Reporter President Rodrigo R. Duterte, in his bilateral meeting with Chinese President Xi Jinping in Hainan, China on Tuesday, April 10, said the Philippine government is not taking sides in the ongoing trade war between China and the United States (US), Presidential Spokesperson Herminio Harry L. Roque, Jr. announced on Wednesday, […] The post Philippines ‘not taking sides’ in China-US trade war but wants Beijing to ‘defend the East’ appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsApr 11th, 2018

Philippines not taking sides in China-U.S. trade row – Malacañang

MANILA, Philippines – The Philippines is not taking any side in ........»»

Category: newsSource:  rapplerRelated NewsApr 11th, 2018

Peso seen sideways on profit taking

THE PESO is expected to move sideways this week as investors pocket profits ahead of the Holy Week break and amid brewing tensions between the US and China over trade policies. On Friday, the local currency dropped to close at P52.39 versus the greenback, 19 centavos weaker than its P52.20-per-dollar finish on Thursday, as President […] The post Peso seen sideways on profit taking appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMar 25th, 2018

Could North Korean, US threats of destruction cause an accidental war? – CNN News

The war of words between North Korea and the United States could be pushing the region closer to the brink of an accidental conflict. While neither country is outwardly moving towards an actual war footing, military displays of power, mixed with threats and counter threats may result in an ugly outcome, Stratfor Vice President of Strategic Analysis Rodger Baker told CNN. &'8220;The North Koreans assume that the threats will be enough to restrain US action but the US might be thinking the same thing, so you end up in a situation where a provocation from one side is seen by the other as an actual move towards war,&'8221; he said. North Korea's Foreign Minister Ri Yong Ho announced on Monday that US President Donald Trump had &'8220;declared a war&'8221; on his country by tweeting that North Korea &'8220;won't be around much longer.&'8221; Ri's interpretation of Trump's tweet was roundly dismissed by the White House later that day. The South Korean government has been desperately calling for calm on both sides, as the country's citizens would be among the first to suffer in any war. Speaking in Washington on Monday, South Korea's Foreign Minister Kang Kyung-wha said the United States has to help to reduce tensions on the peninsula. &'8220;It is very likely that North Korea will conduct further provocations,&'8221; she said. &'8220;It is imperative that we, Korea and the US together, manage the situation &' in order to prevent further escalation of tensions or any kind of accidental military clashes which can quickly go out of control.&'8221; Foreign Minister Ri told reporters Monday North Korea would shoot down any US bombers which flew near the Korean Peninsula, even if they didn't enter North Korea's airspace. &'8220;In light of the declaration of war by Trump, all options will be on the operating table of the Supreme leadership of DPRK,&'8221; Ri said, according to his official English translator. White House Press Secretary Sarah Sanders was quick to respond, saying Monday the US had not declared war and any suggestion along those lines was &'8220;absurd.&'8221; Euan Graham, director of the International Security Program at Sydney's Lowy Institute, said while the physical threat of war had not increased, every unfulfilled threat from the US did damage to its international position. &'8220;When threats are made and not followed through US credibility suffers both in the eyes of North Korea and its allies,&'8221; Graham said. &'8220;The US is very unlikely to engage in a preventative war against North Korea, so it's more the risk of stumbling into this because the North Koreans decide they have to escalate or they believe something US is doing is a preventative strike or a decapitation attack (against the leadership).&'8221; Over the weekend, North Korea moved airplanes and boosted defenses on its east coast, South Korea's Yonhap news agency reported Tuesday, quoting intelligence agencies. It followed a flyover by US bombers close to North Korea on Saturday. US B-1B bombers from Guam flew in international airspace over waters east of North Korea, according to the Pentagon, a move they said underscored the seriousness of Pyongyang's &'8220;reckless behavior.&'8221; It was the furthest north of the Demilitarized Zone (DMZ), the area of land between North and South Korea, which US fighters or bombers had flown in the 21st Century, the Pentagon said. Stratfor's Baker said he was concerned any moves by North Korea to shadow US planes or to engage in displays of military might could lead to accidental conflict. &'8220;There haven't been many incidents where they've engaged in this sort of behavior so they don't know how to deal with each other in this situation, they don't know how to read the way that each side is acting, so you can get accidents and the North Koreans, again, they may overestimate their hand,&'8221; he said. But Baker added it was important to note that neither side had engaged in the large movement of troops or evacuation of civilians which would precipitate a full blown war. &'8220;We don't see the US taking action to rapidly reduce the number of civilians and non military personnel in South Korea &' at the same time, rhetoric is working to increase the potential of an accident.&'8221; The latest standoff between Washington and Pyongyang came as a North Korean Foreign Ministry official flew to Moscow to meet with a representative of the Russian government. According to state media KCNA, director general at the Foreign Ministry's North American Department Choe Son Hui left for Moscow on Monday. She'll meet with Oleg Burmistrov, a &'8220;roving ambassador&'8221; with Russia's Foreign Ministry. The meeting comes amid cooling relations between Pyongyang and Beijing, with China's Ministry of Commerce announcing on Saturday it would immediately restrict petroleum exports to North Korea in line with UN sanctions. &'8220;Russia has been a supplier of petroleum products either directly or not paying attention to what it's own countries are doing in regard to North Korea,&'8221; Baker said. The latest round of sanctions, agreed to on September 11, were reportedly amended by the US after it became clear Russia and China wouldn't allow stronger restrictions. &'8220;Russia is a potential helpful card for the North Koreans to use particularly if they're worried that China is going to get more hostile and especially as secondary sanctions (from the US) come into play,&'8221; Graham said.(&'8220;Russia is a potential helpful card for the North Koreans to use particularly if they're worried that China is going to [&'].....»»

Category: newsSource:  mindanaoexaminerRelated NewsSep 26th, 2017

China s Economic Growth Cools Amid Trade Tensions

BEIJING - China's economic growth slowed in the quarter ending in June, adding to challenges for Beijing amid a mounting tariff battle with Washington.The world's second-largest economy expa.....»»

Category: newsSource:  philippinetimesRelated NewsJul 16th, 2018

China’s economic growth cools amid trade tensions

BEIJING — China’s economic growth slowed in the quarter ending in June, adding to challenges for Beijing amid a mounting tariff battle with Washington. The world’s second-largest economy expanded by 6.7 percent, down from the previous quarter’s 6.8 percent, the government reported Monday. Even before the dispute with Washington erupted, forecasters expected growth to cool… link: China’s economic growth cools amid trade tensions.....»»

Category: newsSource:  manilainformerRelated NewsJul 16th, 2018

US-China trade battle kicks off; markets take it in stride

The United States and China launched what Beijing called the "biggest trade war in economic history" Friday, imposing tariffs on billions of dollars of each other's goods amid a spiraling dispute over technology......»»

Category: newsSource:  philstarRelated NewsJul 7th, 2018

Trump trade war to become reality as China tariffs hit

WASHINGTON, D.C.: After months of threats and dwindling hopes the two sides would pull back from the brink of all-out trade war, steep US tariffs on tens of billions in Chinese goods are due to take effect at midnight Thursday. China already has announced it will respond in kind on the same schedule as the [...] The post Trump trade war to become reality as China tariffs hit appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsJul 5th, 2018

FOREX-Dollar takes breather as trade concerns linger, yuan remains in focus

Dollar softer amid lingering trade war fears China central bank to keep yuan stable, helping cool-off market Canada dollar gains on manufacturing data, higher oil prices Mexico peso jumps on soothing words from president-elect U.S. holiday could keep trading thinner TOKYO, July 4 (Reuters) – Major currencies marked time on Wednesday while the Chinese yuan […].....»»

Category: financeSource:  bworldonlineRelated NewsJul 4th, 2018

US-China tariffs: What’s behind them, who stands to be hurt?

WASHINGTON, United States --- President Donald Trump has boldly declared that trade wars are easy to win. He's about to find out. Barring a last-minute breakthrough, the Trump administration on Friday will start imposing tariffs on $34 billion in Chinese imports. And China will promptly strike back with tariffs on an equal amount of U.S. exports. And just like that, a high-risk trade war between the world's two biggest economies will begin --- one that could quickly escalate. "I see us running into a full collision course in a few days," said Ashley Craig, a trade lawyer at Venable LLP. "It seems as if both sides are fairly dug in." Here's a look at what's happening this ...Keep on reading: US-China tariffs: What’s behind them, who stands to be hurt?.....»»

Category: newsSource:  inquirerRelated NewsJul 4th, 2018

Asian investors start week cautiously as China tariffs loom

Asian investors kicked the week off tentatively on Monday as they prepare for the US to impose hefty tariffs on a range of Chinese imports, taking their trade row to another level. The levies on billions of dollars of goods, which are due Friday, come after data at the weekend showed Chinese manufacturing activity slowed […].....»»

Category: newsSource:  bworldonlineRelated NewsJul 2nd, 2018

China, EU to form group to modernize global trade rules

China and the European Union agreed Monday to launch a group that will work to update global trade rules to address technology policy, subsidies and other emerging irritants and preserve support for international trade amid U.S. threats of import controls......»»

Category: newsSource:  philstarRelated NewsJun 25th, 2018

Peso regains strength amid US-China trade tensions

The peso rebounded on Friday, June 22, as the dollar slid amid continued concerns over the trade spat between the United States and China. The peso ended Friday’s session at P53.28 against the greenback, 18 centavos stronger than the P53.46-per-dollar finish the previous day. The peso immediately regained its strength as it opened the session […] The post Peso regains strength amid US-China trade tensions appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsJun 22nd, 2018

Kim meets Xi in Beijing after Singapore summit

North Korean leader Kim Jong Un met Chinese President Xi Jinping in Beijing yesterday, a visit seen by some as an effort to put China at ease over North Korea's ties with the US after the two countries held a historic summit just a week ago. As the visit is taking place in the midst of a major trade row between China and the US that is threatening to turn into a full-fledged trade war, some analysts think the Chinese could be taking this opportunity to let the United States see that its trade actions could affect other areas of its bilateral relationship with China. Mr Kim's two-day visit that began yesterday was reported on state media including China Central Television (CCTV)...Keep on reading: Kim meets Xi in Beijing after Singapore summit.....»»

Category: newsSource:  inquirerRelated NewsJun 20th, 2018

PSE, other Asian markets tumble amid U.S.-China trade war fears

HONG KONG – Fresh fears of a trade war between the world's top two economies sent most Asian markets tumbling on Monday, June 18, after the United States and China imposed tit-for-tat tariffs on billions of dollars of imports. Energy firms were among the biggest losers ........»»

Category: newsSource:  rapplerRelated NewsJun 18th, 2018

Duterte on Chinese taking Pinoy fishers catch: It s barter

President Rodrigo Duterte said Monday what transpired recently between Filipino fishermen and members of China’s Coast Guard at the Scarborough Shoal was mere barter trade, even as other quarters saw the incident as harassment. Source link link: Duterte on Chinese taking Pinoy fishers' catch: 'It's barter'.....»»

Category: newsSource:  manilainformerRelated NewsJun 18th, 2018

China carries out missile drills in South China Sea amid heightened tensions

BEIJING — China’s navy carried out drills in the South China Sea to simulate fending off an aerial attack, state media said on Friday, as China and the United States trade barbs over who is responsible for heightened tensions in the disputed waterways. U.S. Secretary of State Mike Pompeo expressed concern during a visit to […].....»»

Category: newsSource:  interaksyonRelated NewsJun 15th, 2018