Global Economic Intersection
Advertisement
  • Home
  • Economics
  • Finance
  • Politics
  • Investments
    • Invest in Amazon $250
  • Cryptocurrency
    • Best Bitcoin Accounts
    • Bitcoin Robot
      • Quantum AI
      • Bitcoin Era
      • Bitcoin Aussie System
      • Bitcoin Profit
      • Bitcoin Code
      • eKrona Cryptocurrency
      • Bitcoin Up
      • Bitcoin Prime
      • Yuan Pay Group
      • Immediate Profit
      • BitQH
      • Bitcoin Loophole
      • Crypto Boom
      • Bitcoin Treasure
      • Bitcoin Lucro
      • Bitcoin System
      • Oil Profit
      • The News Spy
      • Bitcoin Buyer
      • Bitcoin Inform
      • Immediate Edge
      • Bitcoin Evolution
      • Cryptohopper
      • Ethereum Trader
      • BitQL
      • Quantum Code
      • Bitcoin Revolution
      • British Trade Platform
      • British Bitcoin Profit
    • Bitcoin Reddit
    • Celebrities
      • Dr. Chris Brown Bitcoin
      • Teeka Tiwari Bitcoin
      • Russell Brand Bitcoin
      • Holly Willoughby Bitcoin
No Result
View All Result
  • Home
  • Economics
  • Finance
  • Politics
  • Investments
    • Invest in Amazon $250
  • Cryptocurrency
    • Best Bitcoin Accounts
    • Bitcoin Robot
      • Quantum AI
      • Bitcoin Era
      • Bitcoin Aussie System
      • Bitcoin Profit
      • Bitcoin Code
      • eKrona Cryptocurrency
      • Bitcoin Up
      • Bitcoin Prime
      • Yuan Pay Group
      • Immediate Profit
      • BitQH
      • Bitcoin Loophole
      • Crypto Boom
      • Bitcoin Treasure
      • Bitcoin Lucro
      • Bitcoin System
      • Oil Profit
      • The News Spy
      • Bitcoin Buyer
      • Bitcoin Inform
      • Immediate Edge
      • Bitcoin Evolution
      • Cryptohopper
      • Ethereum Trader
      • BitQL
      • Quantum Code
      • Bitcoin Revolution
      • British Trade Platform
      • British Bitcoin Profit
    • Bitcoin Reddit
    • Celebrities
      • Dr. Chris Brown Bitcoin
      • Teeka Tiwari Bitcoin
      • Russell Brand Bitcoin
      • Holly Willoughby Bitcoin
No Result
View All Result
Global Economic Intersection
No Result
View All Result

India Intercedes in China, Philippines Spat

admin by admin
May 12, 2012
in Uncategorized
0
0
SHARES
4
VIEWS
Share on FacebookShare on Twitter

Econintersect: About 200 hundred protesters waved flags and placards at the Chinese embassy in Manila on May 11, calling for China to withdraw its ships Scarborough-HuangyanSMALLfrom disputed waters at the Scarborough Shoal.  The numbers of protesters were much below the estimated 1000 demonstrators and the protest ended peacefully. China reacted angrily accusing Philippines of escalating an already tense territorial following the protest.  The Chinese name for the Scarborough Shoal is the Huangyan Islands.  This contested land “mass” is actually a triangle-shaped chain of reefs and rocks or very small islands with a total area including shallow water areas of 150 square kilometers.  The shoal is about 140 miles away from the Philippine Island of Luzon.  Click on picture for larger satellite view of Scarborough Shoal/Huangyan Island (Wikipedia).

south_china-sea_466

Based on proximity it would seem that The Philippines would have first claim under marine law.  Scarborough (Huangyan) is about 500 miles distant from the nearest China land, Hainan Island.  The distance to the southern tip of Taiwan is very close to the same distance.  The area has been prized for centuries as a rich fishing area.  According to Wikipedia, the Chinese claim to the collection of rocks derives from a 1279 map used by Chinese fishermen.  The ownership of the shoal has been in dispute for at least the past 65 years.

The bitterness on both sides has become shrill.  China is talking tough. As per The Times of India report:

The People’s Liberation Army Daily, the official voice of Chinese military, has also published a commentary on Thursday titled, “Never Expect to Take Away Half an Inch of China’s Territory.” It said, “We never tolerate any unreasonable embarrassment with blind patience, not to mention that the issue matters for China’s territorial integrity, national dignity, and even social stability.

For anyone who tries to snatch the sovereignty over Huangyan Islands, not only will the Chinese government not agree; the Chinese people will not agree; and the Chinese army will not agree”.

An AFP report quotes an equally angry Philippians protester:

“Our protest is directed at the overbearing actions and stance of the government in Beijing, which behaves like an arrogant overlord, even in the homes of its neighbours,” rally organiser Loida Nicholas Lewis was quoted as saying by AFP news agency”

In another move India has, contrary to previous contrite behavior, commented publicly on this spat, signaling its intent of not keeping quiet.  As quoted in The Times of India:

“Maintenance of peace and security in the region is of vital interest to the international community. India urges both countries to exercise restraint and resolve the issue diplomatically according to principles of international law.”

An earlier Econintersect report “The New Tense Tango: China versus India-Japan-US” had outlined the synchronized response of U.S.-Japan-India to China’s “aggressive” posturing.

In another move The Financial Times has reported that both U.S. and India have started deploying their naval ships in international waters of South China Sea.

Econintersect had published a commentary on Robert D. Kaplan’s article entitled “The South China Sea is the Future of Conflict.”  When one comes to the bottom line Kaplan says it will all be about oil.  He wrote that:

“The conflicts in the Western Pacific will not necessarily involve combat. Rather there may be just a series of incidents where naval vessels engage in confrontations that fall short of an actual “shooting” engagement. Not surprisingly, much of future incidents in the South China Sea will depend on how extensive future oil reserves discoveries there turn out to be.”

Carlyle Thayer of Australian Defense Force Academy has outlined seven suggestions to reduce tensions, but the high stakes brinkmanship by all actors is aggravating an already very tense situation.

The Globe and Mail sums up the situation very well:

“A shooting war between China and the Philippines seems a longshot now, just as a real war between China and Japan seemed impossible in 2010. But if Asian neighbours keep manufacturing crises for domestic consumption, one day the anger they manufacture will be all too real.”

Sanjeev Kulkarni

Sources:

  • Protest in Philippines over South China Sea stand-off: BBC
  • China criticizes Philippines on South China Sea protest: Reuters
  • Dangerous nationalism on the South China Sea: The Globe and Mail
  • Philippines-US war games begin amid China tensions: BBC
  • US warships risk rocking boat with Beijing: Financial Times
  • India steps into Philippines-China spat over South China Sea: The Times of India
  • Indian navy warships to sail through South China Sea: Defense Forum Of India
  • The New Tense Tango: China versus India-Japan-US: Econintersect
  • South China Sea: The Center of World Conflict: Econintersect
  • The United States and Chinese Assertiveness in the South China Sea: Australian Defence Force Academy
Previous Post

LPS Home Price Index Increases Marginally in February 2012

Next Post

JP Morgan: There is Nothing Wrong

Related Posts

US Government $1.5T Debt Interest Will Be 3X Bitcoin Market Cap In 2023
Economics

US Government $1.5T Debt Interest Will Be 3X Bitcoin Market Cap In 2023

by John Wanguba
January 29, 2023
Tesla, Insurers Take Different Paths To Address Expensive Repairs
Business

Tesla, Insurers Take Different Paths To Address Expensive Repairs

by John Wanguba
January 28, 2023
Sam Bankman-Fried Wants To Access FTX Funds
Business

Sam Bankman-Fried Wants To Access FTX Funds

by John Wanguba
January 28, 2023
Intel 'Stumbled,' CEO Says; Shares Dropped 9.5% As Loss Projection
Business

Intel ‘Stumbled,’ CEO Says; Shares Dropped 9.5% As Loss Projection

by John Wanguba
January 28, 2023
GM, Ford Must Assure Investors They Can Record Profits As Prices Drop
Business

GM, Ford Must Assure Investors They Can Record Profits As Prices Drop

by John Wanguba
January 28, 2023
Next Post

JP Morgan: There is Nothing Wrong

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Browse by Category

  • Business
  • Econ Intersect News
  • Economics
  • Finance
  • Politics
  • Uncategorized

Browse by Tags

adoption altcoins banking banks Binance Bitcoin Bitcoin adoption Bitcoin market Bitcoin mining blockchain BTC business China crypto crypto adoption cryptocurrency crypto exchange crypto market crypto regulation decentralized finance DeFi Elon Musk ETH Ethereum Europe finance FTX inflation investment market analysis markets Metaverse mining NFT nonfungible tokens oil market price analysis recession regulation Russia technology Tesla the UK the US Twitter

Archives

  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • March 2017
  • February 2017
  • January 2017
  • December 2016
  • November 2016
  • October 2016
  • September 2016
  • August 2016
  • July 2016
  • June 2016
  • May 2016
  • April 2016
  • March 2016
  • February 2016
  • January 2016
  • December 2015
  • November 2015
  • October 2015
  • September 2015
  • August 2015
  • July 2015
  • June 2015
  • May 2015
  • April 2015
  • March 2015
  • February 2015
  • January 2015
  • December 2014
  • November 2014
  • October 2014
  • September 2014
  • August 2014
  • July 2014
  • June 2014
  • May 2014
  • April 2014
  • March 2014
  • February 2014
  • January 2014
  • December 2013
  • November 2013
  • October 2013
  • September 2013
  • August 2013
  • July 2013
  • June 2013
  • May 2013
  • April 2013
  • March 2013
  • February 2013
  • January 2013
  • December 2012
  • November 2012
  • October 2012
  • September 2012
  • August 2012
  • July 2012
  • June 2012
  • May 2012
  • April 2012
  • March 2012
  • February 2012
  • January 2012
  • December 2011
  • November 2011
  • October 2011
  • September 2011
  • August 2011
  • July 2011
  • June 2011
  • May 2011
  • April 2011
  • March 2011
  • February 2011
  • January 2011
  • December 2010
  • August 2010
  • August 2009

Categories

  • Business
  • Econ Intersect News
  • Economics
  • Finance
  • Politics
  • Uncategorized
Global Economic Intersection

After nearly 11 years of 24/7/365 operation, Global Economic Intersection co-founders Steven Hansen and John Lounsbury are retiring. The new owner, a global media company in London, is in the process of completing the set-up of Global Economic Intersection files in their system and publishing platform. The official website ownership transfer took place on 24 August.

Categories

  • Business
  • Econ Intersect News
  • Economics
  • Finance
  • Politics
  • Uncategorized

Recent Posts

  • US Government $1.5T Debt Interest Will Be 3X Bitcoin Market Cap In 2023
  • Tesla, Insurers Take Different Paths To Address Expensive Repairs
  • Sam Bankman-Fried Wants To Access FTX Funds

© Copyright 2021 EconIntersect - Economic news, analysis and opinion.

No Result
View All Result
  • Home
  • Contact Us
  • Bitcoin Robot
    • Bitcoin Profit
    • Bitcoin Code
    • Quantum AI
    • eKrona Cryptocurrency
    • Bitcoin Up
    • Bitcoin Prime
    • Yuan Pay Group
    • Immediate Profit
    • BitIQ
    • Bitcoin Loophole
    • Crypto Boom
    • Bitcoin Era
    • Bitcoin Treasure
    • Bitcoin Lucro
    • Bitcoin System
    • Oil Profit
    • The News Spy
    • British Bitcoin Profit
    • Bitcoin Trader
  • Bitcoin Reddit

© Copyright 2021 EconIntersect - Economic news, analysis and opinion.

en English
ar Arabicbg Bulgarianda Danishnl Dutchen Englishfi Finnishfr Frenchde Germanel Greekit Italianja Japaneselv Latvianno Norwegianpl Polishpt Portuguesero Romanianes Spanishsv Swedish