The World - News from June 18, 1986

Apparently eager to court the new Philippine government of President Corazon Aquino, China has offered a new package of economic benefits and has also pledged to continue withholding support for the Communist Party of the Philippines, Philippine Vice President Salvador Laurel said. Ending a three-day visit to Peking, Laurel told reporters that China will provide $25.4 million in crude oil on a deferred-payment basis and $20 million in new commercial trade assistance. Peking will also renew $20 million in credit, he said.