When poor we will keep aside disputes and cooperate,
When rich we will insist that the land belongs to us since the ancient times,
Then they are sacred and absolute.
Chinese always say one thing, do another secretly. The Statement above is engraved into the Chinese foreign policy. Not to forget their expansion in South China sea- with Japan, Philippines, Vietnam, Taiwan, Philippines, Malaysia and Brunei. To back up its claim, Chinese made artificial islands. Chinese Dredgers transformed spare reefs and rocks in the disputed archipelago into islands large enough for a sports field and airplane runways. Which however some people claim to be a missile silo. (unverified)
What’s the point?
Whoever holds the South China Sea islands holds highly several Asian states. A military presence here will help China pursue its Agenda of ancient land claim. A country holding these outposts can threaten any country.
No one can deny the possibility of finding large amount of gas and oil reserves. Chine had previously claimed to find significant gas in 2014. Two Chinese fighters had carried out an “unsafe intercept” of a US military aircraft over the South China Sea. The US pilot was forced to descend about 200 feet to avoid a collision. Later on Chinese foreign ministry denied all allegation as “not true”. While US is opposing the claims of all other countries upon this region on the basis of ‘freedom of navigation and unlawful sovereignty’. The frictions have sparked concern that the area is fast becoming a flash point of global consequences.
What are the claims?
Chinese claims by far the largest portion of territory which stretches hundreds of miles south and east from its most southerly province of Hainan. Beijing says its right to the area goes back centuries to when the Paracel and Spratly island chains were its integral part. In 1947 it issued a map detailing its claims.
Malaysia and Brunei claims territory that falls within their economic exclusion zones, as by The United Nations Convention on the Law of the Sea.
Vietnam disputes Chinese Historical account, saying China has never claimed sovereignty over the islands before the 1940s. It says it has actively ruled over both the Paracels and the Spratlys since the 17th Century and have documents to prove it.
While Philippines and China both lay claim to the Scarborough Shoal a little more than 100 miles from the Philippines and 500 miles from China.
“There are some bored foreigners, with full stomachs, who have nothing better to do than point fingers at us [China]. First, China doesn’t export revolution; second, China doesn’t export hunger and poverty; third, China doesn’t come and cause you headaches, what more is there to be said?”
– First Secretary of Secretariat of the Communist Party, Xi Jinping
“Under One Belt One Road Strategy (OBOR) China has two diplomatic priorities: diplomacy toward great powers and diplomacy toward neighboring countries. Neighboring diplomacy obviously has more potential for improvement than diplomacy toward the United States.” says the Diplomat. “China’s neighbors can be divided geographically into sub-regions: Northeast Asia (Japan, North Korea, Russia, South Korea and Mongolia), Southeast Asia (divided into two parts: the countries on the Indochina Peninsula, including Vietnam, Laos, Cambodia, Burma, and Thailand and the island countries, including Malaysia, Singapore, Brunei, the Philippines, Indonesia and East Timor), South Asia (India, Pakistan, Bangladesh, Nepal, Bhutan, Sri Lanka, and the Maldives), West Asia (the six countries of the Gulf Cooperation Council, Iran, Iraq, Afghanistan, Turkey, Israel, Palestine, Cyprus, Lebanon, Syria, and Jordan), Central Asia (Kazakhstan, Uzbekistan, Turkmenistan, Tajikistan, and Kyrgyzstan), the South Caucasus (Georgia, Azerbaijan, and Armenia) and Oceania (Australia, New Zealand, Papua New Guinea, and the 11 Pacific Islands countries). According to their comprehensive power and relations with China, these countries could be divided into four main categories: sub-regional great powers (SGP), sub-regional secondary great powers (SSGP), sub-regional small and middle powers with close relations with China (SSCC), and other sub-regional small and middle powers (SSMP)”.
Chinese government seemed desperate to the world market when it pushed down its currency Yuan, by 2 percent. It signaled the prospect to give exporters more leverage making Chinese products more affordable for the market.
The Yuan stabilized for three months then it started sinking again. It’s dropped more than 4 percent against dollar since October 2015. The Chinese economy has been weakening for years. There’s a heightened risk that Everybody who is in the market with China will have their profit in jeopardy.
Chinese Authorities want to keep the yuan from going into free-fall. But investors are afraid and are likely to sell investments including Chinese Stocks. Chinese economic slowed down partly happened due to super-charged growth of the past quarter-century with investments in real-estate and factories which turned out to be wasteful due to low quality.
Chinese policymakers, once admired for their profitability are seeing long term effects of short term acceleration. They have been meddling clumsily in the markets backsliding on reforms.
The economists was found quoting “On a basic level, it was inevitable that the Chinese growth rates of the past three decades, which averaged 10% a year, would wane. The law of large numbers (financial, rather than statistical) applies to nations as well as to companies: the bigger an economy gets, the harder it is to keep growing at a fast clip. Growth of 7% this year for China would generate more additional output than a 14% pace did in 2007. Structurally, China’s economy faces headwinds. In the long run, growth is a function of changes in labour, capital and productivity. When all three increase, as they did in China for many years, growth rates are superlative. But they are all slowing now.”
Plan of Massive Sea lab in South China Seas.
“The deep sea contains treasures that remain undiscovered and undeveloped, and in order to obtain these treasures we have to control key technologies in getting into the deep sea, discovering the deep sea, and developing the deep sea,” Xi said last month at a national science conference.
“While China’s appetite for natural resources remains the driving force behind the project, the recent ministry presentation noted the platform would be movable, and used for military purposes. China has proposed a network of sensors called the “Underwater Great Wall Project” to help detect U.S. and Russian submarines, say analysts at IHS Jane’s.”
Planning has been under way for a decade and is central to China’s push to become a global technology superpower by 2030, according to the presentation. Completing it would help China close a deep sea exploration gap with the U.S., Japan, France and Russia on underwater technology. China has already logged successes, with its Jiaolong submersible setting a world record by descending 7 kilometers in 2012.