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At the invitation of Chinese President Xi Jinping, Philippine President Ferdinand Romualdez Marcos Jr. is paying a state visit to China from January 3 to 5. It was Marcos' first visit to China as president and his first visit to a country outside the Association of Southeast Asian Nations (ASEAN). China and the Philippines have had significant progress in developing their relations in recent years, with concrete results, including regional peace and stability. China is the Philippines' largest trading partner, largest source of imports and second-largest export market. In 2021, trade between China and the Philippines reached more than $82 billion. Here's the latest analysis of relations between China and the Philippines.

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