Key facts
- Philippine President Ferdinand Marcos Jr. is optimistic about economic cooperation with China.
- Marcos Jr. sees a "distinct possibility" of joint oil and gas exploration with China.
- Talks regarding oil and gas exploration with China have progressed.
- Marcos Jr. has not yet decided on an endorsement for the 2028 presidential election.
Philippine President Ferdinand Marcos Jr. expressed optimism regarding economic cooperation with China, despite ongoing disputes in the South China Sea. He indicated that discussions concerning potential joint oil and gas exploration have advanced, stating there is a "distinct possibility" for such ventures.
Marcos Jr. also confirmed his intention to endorse a candidate in the 2028 presidential election, though he has not yet made a decision on who that will be. The President's stance suggests a willingness to engage with China on energy resources even as territorial issues persist in the region.