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In 2009, the Philippines and China signed the Joint Action Plan for Strategic Cooperation, a five-year agreement to increase cooperation in all areas. [10]: 158 In 2016, Philippine president Rodrigo Duterte and Chinese president Xi Jinping created the biannual Bilateral Consultation Mechanism on the South China Sea, a process allowing the two nations to peacefully manage disputes and ...
The Manila galleon (Spanish: Galeón de Manila; Filipino: Galyon ng Maynila), originally known as La Nao de China, [1] and Galeón de Acapulco, [2] refers to the Spanish trading ships that linked the Spanish Crown's Viceroyalty of New Spain, based in Mexico City, with its Asian territories, collectively known as the Spanish East Indies, across the Pacific Ocean.
The Philippine Commonwealth was established in 1935, as a 10-year interim step prior to full independence. However, in 1942 during World War II, Japan occupied the Philippines. The U.S. military overpowered the Japanese in 1945. The Treaty of Manila in 1946 established the independent Philippine Republic.
The Regional Comprehensive Economic Partnership ( RCEP / ˈɑːrsɛp / AR-sep) is a free trade agreement among the Asia-Pacific countries of Australia, Brunei, Cambodia, China, Indonesia, Japan, South Korea, Laos, Malaysia, Myanmar, New Zealand, the Philippines, Singapore, Thailand, and Vietnam. [ 2] The 15 member countries account for about 30 ...
The recorded history of the Philippines between 900 and 1565 begins with the creation of the Laguna Copperplate Inscription in 900 and ends with the beginning of Spanish colonization in 1565. The inscription records its date of creation in 822 Saka (900 CE). The discovery of this document marks the end of the prehistory of the Philippines at ...
Income inequality grew during the era of martial law, as the poorest 60 percent of the nation were able to contribute only 22.5 percent of the income in 1980, down from 25.0 percent in 1970. The richest 10 percent, meanwhile, took a larger share of the income at 41.7 percent in 1980, up from 37.1 percent in 1970.
Binondo is the center of commerce and trade of Manila, where all types of business run by Filipino-Chinese thrive. Noted residents include Saint Lorenzo Ruiz , the Filipino protomartyr , and Venerable Mother Ignacia del Espiritu Santo , founder of the Congregation of the Religious of the Virgin Mary .
2008-2009 : during the Great Trade Collapse, a drop of world GDP of 1% caused a drop of international trade of 10%. In 2013, China began its economic integration and infrastructure project, called the Belt and Road Initiative. 2014: India launches its Make in India initiative and announces its Act East Policy.