ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

China warned as Philippine president proposes countermeasures against Beijing's aggression

The Philippines said it would take 'deliberate' action against China in the South China Sea following a dispute over the contested Second Thomas Shoal in the Spratly Islands.

The Philippines on Thursday clapped back at China following an aggressive confrontation in the South China Sea over the weekend in an incident that involved the employment of water cannons by China’s coast guard, telling Beijing that "Filipinos do not yield."

President of the Philippines Ferdinand Marcos Jr. said that after meeting with top Philippine defense and security officials, Manila’s response would be "proportionate, deliberate and reasonable in the face of the open, unabating, and illegal, coercive, aggressive and dangerous attacks by agents of the China coast guard and Chinese maritime militia."

Marcos did not go into any detail on steps his government would take going forward. 

TAIWAN STANDS AS MAJOR LINE OF DEFENSE AGAINST GLOBAL WAR WITH CHINA, CRITICAL FOR US SECURITY

The Philippine president’s comments came just days after two Chinese coast guard vessels aimed water cannons at Philippine Navy crewmen at close range over a dispute in the contested waters near the Second Thomas Shoal.

Several Filipino crew members were reportedly injured, including one who was lifted off the deck and thrown into a wall after being blasted by the water cannon, though the impact apparently prevented him from being plunged into the sea, noted Philippine military officials.

The wooden vessel, said to be bringing supplies to Marines stationed on an outpost on the Second Thomas Shoal, was also damaged. 

Confrontations between China and the Philippines have escalated since Manila began repairing the BRP Sierra Madre naval vessel in October 2023, after it sat rusting for more than a quarter of a century. 

PHILIPPINES REFUSES TO ALLOW CHINA TO REMOVE FILIPINO MILITARY OUTPOST ON DISPUTED SHOAL

The Sierra Madre was grounded by the Philipine Navy in 1997 on the partially submerged reef known as the Second Thomas Shoal and has served as an outpost for Manila in the South China Sea. 

The reef, classified as a low-tide elevation, which means it is a naturally formed body of land that sits above the water during low-tide, is in the Spratly Islands – an area highly contested by nations like China, Taiwan, Vietnam, Malaysia and the Philippines. 

Given the reef’s location more than 100 nautical miles from the Philippines Economic Exclusion Zone and outside any nation’s territorial seas, it "is not subject to any claim to sovereignty or appropriation by any State under international law," according to U.S. Indo-Pacific Command. 

But despite the decrepit nature of the vessel that has long since been seaworthy, the Philippine government has reportedly kept marines stationed on the vessel to stake claim to the contested area, according to the U.S. Naval Institute. 

The U.S. condemned China’s aggressive actions and reminded Beijing that it will defend Manila under the 1951 Mutual Defense Treaty if Philippine forces, aircraft and ships come under armed attack.

Chinese Foreign Ministry spokesman Lin Jian responded to Washington’s comments Thursday and said, "The U.S. is not a party to the South China Sea issue and is not in the position of interfering in issues between China and the Philippines."

"China is determined to uphold our territorial sovereignty and maritime rights and interests," he added. "The US-Philippines Mutual Defense Treaty will not move us a bit from our will and resolve."

The U.S. and its regional allies, including Japan and Australia, have repeatedly called on Beijing to respect international laws and not to alter the status quo in the South China Sea. 

The Associated Press contributed to this report. 

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.