Connect with us

Hi, what are you looking for?

Daily Market SolutionDaily Market Solution

Investing

China urges Philippines to return to ‘peaceful development’

BEIJING (Reuters) – China’s foreign ministry on Thursday urged the Philippines to return to “peaceful development”, saying Manila’s decision to deploy a U.S. medium-range missile system in military exercises would only bring the risks of an arms race in the region.

The U.S. Typhon system, which can be equipped with cruise missiles capable of striking Chinese targets, was brought in for joint exercises earlier this year.

On Tuesday, Philippine Defence Minister Gilberto Teodoro said the Typhon’s deployment for joint exercises was “legitimate, legal and beyond reproach”. Army chief Roy Galido said on Monday that the Philippines was also planning to acquire its own mid-range missile system.

Rivalry between China and the Philippines has grown in recent years over their competing claims in the South China Sea. Longtime treaty allies Manila and Washington have also deepened military ties, further ratcheting up tensions.

“By cooperating with the United States in the introduction of Typhon, the Philippine side has surrendered its own security and national defence to others and introduced the risk of geopolitical confrontation and an arms race in the region, posing a substantial threat to regional peace and security,” said Mao Ning, a spokesperson at China’s foreign ministry.

“We once again advise the Philippine side that the only correct choice for safeguarding its security is to adhere to strategic autonomy, good neighbourliness and peaceful development,” Mao told reporters at a regular press conference.

China will never sit idly by if its security interests were threatened, she added.

The Philippine embassy in Beijing did not immediately respond to a Reuters request for comment.

China claims almost the entire South China Sea, which is also claimed by several Southeast Asian countries including the Philippines.

This post appeared first on investing.com







    You May Also Like

    Editor's Pick

    Extremist supporters of former president Donald Trump are lashing out online against Usha Vance, the wife of Trump’s running mate, Sen. J.D. Vance (R-Ohio),...

    Investing

    Overview Energy Fuels (TSX:EFR,NYSE:UUUU) has been the largest producer of uranium in the United States and an emerging producer of rare earth elements (REEs)....

    Investing

    Investor Insight Silver prices breached $30/oz in the second half of May 2024 as investor demand drove prices to their highest in more than...

    Investing

    Overview Flynn Gold Limited (ASX: FG1) is an Australian mineral exploration company with a portfolio of projects in Tasmania and Western Australia. Tasmania is...

    Disclaimer: Dailymarketsolution.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2024 dailymarketsolution.com