Hong Kong
CNN
—
Chinese leader Xi Jinping and his Philippine counterpart Ferdinand Marcos Jr. have agreed to strengthen economic ties and resume talks on oil exploration, as they look to revive their economies amid the pandemic downturn and friction over contested areas of the South China Sea.
Xi met with Marcos Jr. on Wednesday during the Philippine President’s first state visit to Beijing, where the two leaders agreed to “appropriately manage differences,” according to a joint statement released Thursday.
The statement said the leaders had an “in-depth and candid” discussion about the situation in the South China Sea and “reaffirmed the importance of maintaining and promoting peace and stability in the region.”
During the talks, Manila and Beijing also agreed to resume negotiations on oil and gas exploration in the South China Sea that were halted last June…
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