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Thirty-three Chinese billionaires sent a letter to Marcos, saying that the South China Sea issue should not be fooled, and everything should be done according to their methods

author:Li Jian 2049

After suffering a deflated meal in the South China Sea, the Philippine side finally stopped. In the past two days, the Philippine side has been intensively reviewing the incident in the South China Sea and calculating what strategy it should adopt in the future.

Just when the Philippine side was hesitating, an organization in the Philippines called the "Chinese Entrepreneurs Federation" seized the opportunity to submit a joint letter to the Marcos Jr. government.

Thirty-three Chinese billionaires sent a letter to Marcos, saying that the South China Sea issue should not be fooled, and everything should be done according to their methods

(Philippine President Ferdinand Marcos Jr.)

In the letter, the organization said that 33 major Chinese chambers of commerce and non-governmental organizations have called on Philippine President Ferdinand Marcos Jr. to resolve the ongoing dispute with China through diplomatic consultations on the South China Sea issue. Only through peaceful negotiations and sincere dialogue can the tension between China and the Philippines be eased.

Subsequently, the joint letter also said that the Asian region has been stable and united for hundreds of years, and the current Marcos Jr. administration should also take a careful approach from this perspective and strive to let the Filipino people live in an environment of harmony rather than strife and stability rather than conflict.

As for how to resolve the South China Sea issue, the organization has also come up with a plan, that is, to establish a neutral place for diplomatic discussion to maintain mutual "mutual respect", and at the same time, the dialogue between the two sides also needs to be constructive, without any accusations and condemnation, so that the two sides can find common ground and finally resolve the differences between China and the Philippines amicably.

To be clear, this letter from this organization carries a very heavy weight for the Marcos Jr. administration. Because this group pinched the lifeblood of the Philippine economic development to a certain extent.

As one of the largest and most influential business organizations in the Philippines, its members are all Filipino-Chinese businessmen. In addition, these Chinese businessmen cover a wide range of industries, including manufacturing, retail, real estate, catering, financial services, etc., all of which are giants and well-known enterprises in their domestic and international markets.

Thirty-three Chinese billionaires sent a letter to Marcos, saying that the South China Sea issue should not be fooled, and everything should be done according to their methods

(Joint letter from the Philippine Chinese Business Association)

Previously, Forbes had calculated that among the top 50 business tycoons in the Philippines, 30 are of Chinese descent. They control much of the Philippine economy, and by shining in a wide range of industries, these Chinese businessmen have contributed significantly to the growth of the country's GDP and employment.

Coupled with the fact that these Chinese businessmen have close business ties with China and other Asian countries, they can use their connections to promote cross-border trade in the Philippines, help many Philippine products enter the international market, and attract a large amount of foreign investment to the Philippines, thereby strengthening the Philippines' economic ties with the world.

In addition, through their own experience and connections, Chinese businessmen have brought new technologies, business management knowledge and business models to the Philippines, contributing to the modernization and diversification of the Philippine economy.

More importantly, the Philippine presidential campaign, like the U.S. political campaign, needs to raise a large amount of money for political propaganda, organizing rallies and so on, and in this context, Chinese businessmen play a key role in it.

Because of their prominent position in the Philippine economy, businessmen of Chinese descent are often the main source of political donations. By donating to the campaign, they can provide the necessary financial support to their chosen candidates, helping them run their campaigns more effectively. In this way, they can also influence the formulation of policies to protect and promote their own business interests, which is a win-win choice for each other.

Thirty-three Chinese billionaires sent a letter to Marcos, saying that the South China Sea issue should not be fooled, and everything should be done according to their methods

(Presidential campaign site)

Therefore, gaining the support of the Chinese businessman community can give him a solid political backing, which is crucial for Marcos Jr., who wants to be re-elected. At the same time, it was decided that the joint letter of these 33 Chinese super-rich people had to be referred to by the Marcos Jr. government.

At present, in the face of the South China Sea issue, the Marcos Jr. government can be described as a dilemma.

It was only after the recent incident in which the Philippine side was injured that Marcos Jr. realized that the "US-Philippines Mutual Defense Treaty," which the Philippines had previously considered to be a guarantee, could not protect the Philippine side at all in the confrontation in the South China Sea.

The Philippine side has long believed that as long as the Philippines is attacked in the South China Sea, it will trigger the treaty and be protected by the United States. But in fact, this treaty emphasizes the passivity of the two signatories when attacked, that is, if the confrontation and conflict are provoked by the Philippine side, then the US side can completely reject it.

In addition, Article 4 of the treaty states that the two sides can act in accordance with the relevant procedures stipulated in their own constitutions, that is, it is up to the United States to decide how the United States will "protect." Moreover, facts have also proved that the confrontation between China and the Philippines in the South China Sea is still in a gray area, and China has dispatched a coast guard to carry out law enforcement actions, and the Philippines has no chance of triggering this treaty, and the United States has no intention of helping the Philippines at all.

Thirty-three Chinese billionaires sent a letter to Marcos, saying that the South China Sea issue should not be fooled, and everything should be done according to their methods

(China Coast Guard Vessel and Philippine Vessel)

Under such circumstances, whether to continue to maintain its previous diplomatic direction, maintain a tough attitude toward China, and continue to stand firm with China on the South China Sea issue, or whether to quickly turn around, respond to domestic voices, and resolve differences with China through diplomatic consultations and other means has become a major problem for the Marcos Jr. administration.

As far as China is concerned, we have shown the Philippine side with concrete actions that China will never make concessions on issues related to sovereignty in the South China Sea, and if the Philippine side is willing to abandon the wrong direction, China is willing to sit down at the negotiating table with it and resolve differences through dialogue.

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