AGP Executive Report
Last update: 5 hours agoPhilippine-China Tensions: Philippine lawmakers urged President Ferdinand Marcos Jr. to declare Chinese Ambassador Jing Quan persona non grata after he said China could easily win a conflict. Beijing also accused Defense Secretary Gilberto Teodoro of challenging its “One China” policy, as the embassy traded barbs with lawmakers. The Philippines’ 2025 trade deficit with China reached $29.13 billion. Japan Flood Emergency: Authorities issued the highest-level warning after the Koyoshi River overflowed in Akita Prefecture following record October rain. Residents were urged to take immediate life-saving action; more rain was forecast. China’s Economy: Exports jumped 36.3% in September, lifted by shipments brought forward ahead of tax-rebate changes, but economists expect growth to cool by 2027. Youth unemployment eased to 18%, still the highest September rate since the current series began. China-Russia Ties: Premier Li Qiang and President Vladimir Putin pledged closer cooperation on energy, trade and transport, and said they would coordinate on major issues.
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