Tensions in the South China Sea have been percolating for years now. Even in relatively calm times when the battling claimants of the contested waters manage to stay out of the headlines, the reality out on the sea is rarely tranquil. In fact, a recent report from the South China Morning Post has revealed that Chinese boats have been harassing Civilian vessels in the Malaysian and Vietnamese portions of the South China Sea “on a daily basis” for years.
Photo courtesy of CSIS-ctto
Extending from Singapore and the Strait of Malacca in the southwest to the Strait of Taiwan in the northeast, the South China Sea is a geopolitical hotspot as one of the most important trade routes in the world, not to mention the home of valuable oil and gas reserves as well as lucrative fishing grounds. The United States Energy Information Agency (EIA) estimates that the South China Sea “contains approximately 11 billion barrels of oil and 190 trillion cubic feet of natural gas in proved and probable reserves.”
Huge, overlapping sections of the Sea are currently subject to claims by Brunei, China, Malaysia, Indonesia, the Philippines, Taiwan, and Vietnam. China has staked the largest claims to the South China Sea (at more than 85% of the total area) and has been the most aggressive in defending these claims, with a huge show of military might and navy vessels patrolling the waters. Last year, during another flare-up of tensions, the Asia Times reported that China’s most recent rash of aggressions was a bid to shut down Vietnamese resource development projects “as Beijing aims to force all foreign oil companies out of the South China Sea, leaving itself as the only potential joint development partner for rival sea claimants.” (Click here to read more..)
Source: https://finance.yahoo.com/news/war-brewing-south-china-sea-210000127.html
