
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.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