“China has all the capital and we have the property so why don’t we try and develop that property as a joint venture?”he said.
Amid concerns expressed by President Aquino and Foreign Secretary Albert del Rosario over massive reclamations being done by China around their occupied reefs in the disputed Spratlys in South China Sea, Binay further said: “Personally, my feeling is we will continue to insist (on) our sovereignty over those properties but at the same time we hope we can create a situation where we can improve bilateral relations with China.”
Senior Associate Justice Antonio Carpio, who has been conducting a series of lectures on the South China Sea dispute, said in his lecture last April 27 with judges and justices that joint development of the Spratlys with China is not possible without violating the Constitution.