China Reaching for Control of Oil

June 11th, 2011
in Background, econ_news

vietnam-demonstration Caption photo: Vietnamese demonstrate in Hanoi (Reuters)
Econintersect: China has designs on oil rich areas in the South China Sea that are actually in closer proximity to other countries. A story in Aljezera highlights a dispute between Vietnam and China over a Vietnamese naval training operation in the South China Sea near the Paracel Islands, which are nearly equidistant from China and Vietnam.

Follow up:

From Aljezera:
On Thursday, Vietnam alleged a similar incident in the zone, saying a Chinese fishing boat rammed the cables of another oil survey ship in its waters, describing it as a "premeditated" attack.
Beijing countered by warning Vietnam to halt all activities that it says violate its sovereignty in the disputed South China Sea waters.
The two countries have a long-standing dispute over the potentially oil-rich Paracel and Spratly archipelagos and surrounding sea.
Chris Nelson, the editor-in-chief of the Nelson Report, told Al Jazeera that China's claims - at least for the Spratly Islands - are not logical given the location of the Archipelago.
Source: Aljezera
Hat tip: Sanjeev Kulkarni

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