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Xi talks trade, signs deals on Manila trip : MOU on tapping S. China Sea resources among 29 deals inked

Nov 21, 2018 - The Straits Times (Singapore)

Chinese President Xi Jinping yesterday sought to draw the Philippines deeper into China's ambit as he championed free trade in a rivalry for influence with the US.

Chinese and Philippine officials exchanged 29 memoranda, commercial contracts, letters and loan commitments but the highlight of the day was a deal to explore for oil and gas in waters disputed by both countries.

Mr Xi and Philippine President Rodrigo Duterte attended the signing ceremony for all 29 agreements.