The Phillippines and the US are in the midst of joint military exercises near the South China Sea and Taiwan, sparking anger from Beijing. This year’s war games are taking place at a time of increasingly strained relations between China and the Philippines. Maritime encounters between the countries have become more frequent, with China’s recurring use of water cannons damaging Philippine boats. Why are tensions escalating almost two years into Ferdinand Marcos Jr.’s presidency? And what are the implications for the US and the rest of the world? Read the full story on Bloomberg: https://www.bloomberg.com/news/features/2024-04-23/in-south-china-sea-xi-jinping-s-ships-are-winning-the-battle-for-oil-and-gas?utm_medium=youtube&utm_source=bbg_originals&utm_campaign=weeklydoc Chapters 00:00 - Introduction 01:16 - Clashes near Second Thomas Shoal 02:24 - What’s behind the dispute? 04:20 - US’s interest 06:15 - Duterte’s approach to China 07:15 - Marcos’s strategy 08:36 - How tensions risk a wider conflict -------- Like this video? Subscribe: null Get unlimited access to Bloomberg.com for $1.99/month for the first 3 months: https://www.bloomberg.com/subscriptions?in_source=YoutubeOriginals Bloomberg Originals offers bold takes for curious minds on today’s biggest topics. Hosted by experts covering stories you haven’t seen and viewpoints you haven’t heard, you’ll discover cinematic, data-led shows that investigate the intersection of business and culture. Exploring every angle of climate change, technology, finance, sports and beyond, Bloomberg Originals is business as you’ve never seen it. Subscribe for business news, but not as you've known it: exclusive interviews, fascinating profiles, data-driven analysis, and the latest in tech innovation from around the world. Visit our partner channel Bloomberg Quicktake for global news and insight in an instant.