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And ensuring better health can always be a bridge, even at a time of friction, he added.

Angolan President Joao Lourenco (R) meets with Chinese Foreign Minister Wang Yi in Luanda, Jan 13, 2018. [Photo/Xinhua]

Andrew Karolyi, a professor of finance at Cornell University, said investors will welcome the action largely because it appears to be tied to an impending agreement set to normalize trade relations between the two major economies.

Analysts, including Han Xiaoping, chief researcher at industry and energy website china5e.com, said the listing of Murban futures contracts is a move by the oil producers and traders to rival well-established crude oil bench marks such as Brent and West Texas Intermediate.

Analysts said that while the Philippines is attracting more Chinese tourists, China likewise is emerging as a key destination for Filipino travelers.