Vice President Jejomar Binay is also in favor of a joint venture between China and the Philippines. He is even questioning the Aquino administration’s move to pursue UNCLOS-based (United Nations Convention on the Law of the Sea) arbitration on the matter.
“May pera po ang China, (China has the money,)” Binay said in an interview last year over DZYM Samar, “kailangan po natin ng kapital. (and we need the capital.)”