Chinese President Jiang Zemin and the visiting Philippine President Gloria Macapagal Arroyo oversaw the signing after their official talks held at the Great Hall of the People.

The governments between the two countries signed two memorandum of understanding (MOU) on striking against transnational crimes and on combating illegal drug trafficking, the random use of narcotics and strengthening supervision on chemicals which may allow easy drug making.

Chinese and Philippine sports authorities signed a MOU for promoting sports exchanges.

The foreign ministries between the two countries exchanged notes on the establishment of the Philippine consulate-general in Shanghai.

Trade promotion departments between the two countries signed two agreements for boosting two-way trade.

A Chinese company signed an agreement on offering loans for the construction of a pumping station in the Philippines.

( Xinhua News Agency October 30, 2001)