By Zhao Jianhua-Mareeg.com-As neighbors separated by only a strip of water, China and the Philippines enjoy a long history of traditional friendship.
With the wise decisions and under the correct leadership of the two countries, China and the Philippines have realized a comprehensive turnaround in bilateral relations, and have continuously consolidated, deepened, and moved which to a fast track of acceleration and upgrading since Philippine President Rodrigo Duterte’s state visit to China in October 2016.
China and the Philippines have witnessed increasingly frequent and close high-level exchanges and constantly deepened strategic mutual trust over the years.
Chinese President Xi Jinping and Philippine President Rodrigo Duterte have held five important meetings on bilateral and multilateral occasions, which have effectively charted the course for the development of mutually beneficial and win-win bilateral relations.
China and the Philippines attach importance to intensifying exchanges between the ruling parties of the two countries on national governance, actively held bilateral dialogues in fields including diplomacy and defense, and enjoyed ever-closer coordination in international and regional affairs.
The two countries have held many meetings of the China-Philippines Bilateral Consultation Mechanism on the South China Sea (BCM) and meetings of the Joint Coast Guard Committee on Maritime Cooperation (JCGC) and carried out mutually beneficial cooperation on such fields as fishery, maritime affairs, joint search and rescue, marine science research, and environmental protection.
Moreover, rich fruits have also been constantly yielded from the China-Philippines cooperation in areas including drug control, counter-terrorism, and military.
With the potential of economy and trade of both countries being unleashed rapidly and vigorously, China and the Philippines have seen remarkable achievements in bilateral economic and trade cooperation.
In 2017, trade volume between China and the Philippines exceeded $50 billion for the first time, while Chinese direct investment in the Philippines totaled $53.84 million, up 67 percent over the previous year.