• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Editor's Pick

China urges Philippines to return to ‘peaceful development’

by December 26, 2024
written by December 26, 2024

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
0 comment
0
FacebookTwitterPinterestEmail

previous post
Spain’s industrial prices rise 0.9% year-on-year in November
next post
South Korea’s Shinsegae to set up joint venture with Alibaba International

You may also like

China central bank conducts 1.7 trln yuan of...

January 27, 2025

Fuji Media, rocked by sexual misconduct allegations, says...

January 27, 2025

ECB president fears loss of central bank independence

January 27, 2025

European tech shares tumble as China’s AI push...

January 27, 2025

Futures slip as investors eye China’s latest AI...

January 27, 2025

Markets may be repeating the mistake of 2019,...

January 27, 2025

How billionaire Caltagirone could influence Italy’s banking M&A...

January 27, 2025

How Italy’s MPS went from near collapse to...

January 27, 2025

Analysis-To weather Trump, emerging market investors look to...

January 27, 2025

Chinese AI startup DeepSeek overtakes ChatGPT on Apple...

January 27, 2025
Fill Out & Get More Relevant News








    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • Divided Fed proposes rule to ease capital requirements for big Wall Street banks

      June 26, 2025
    • Women’s Tennis Association extends media rights deal with Tennis Channel through 2032

      June 26, 2025
    • Bumble shares jump 26% as dating company plans to axe 30% of workforce

      June 26, 2025
    • Small-business AI use is lagging, but one firm is channeling Sherlock Holmes and knocking out ‘grunt work’

      June 25, 2025

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (534)
    • Stock (6,426)

    Latest News

    • Divided Fed proposes rule to ease capital requirements for big Wall Street banks
    • Women’s Tennis Association extends media rights deal with Tennis Channel through 2032

    Popular News

    • BOJ preview December: markets split between hike and hold
    • British Land stock drops following stake sale

    About The Significant deals

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy