President Ferdinand "Bongbong" Marcos Jr.'s visit to China from January 3-5 resulted in $22.8 billion in pledges from Chinese investors.
China showed "high salute and high regard" for the Filipino people during the visit, according to Chinese Ambassador Huang Xilian.
Both nations agreed to resume negotiations on joint oil and gas exploration in the South China Sea, with plans to handle maritime issues through "friendly consultations."
A joint statement was signed, establishing official communication channels to peacefully resolve territorial disputes between the Philippines and China.
Presidential Communications Office Secretary Cheloy Garafil stated that the visit laid the groundwork for future projects to strengthen ties between Manila and Beijing.
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