There’s Been A Dangerous Flare-Up Of Tensions In The South China Sea
Jul. 16, 2012
In terms of geopolitical risks, the Syrian and Iranian situations are well known, but what seems to be less appreciated is the flare up of tensions in the South and East China Seas.
The Chinese frigate that ran aground on a shoal near the Philippines was refloated over the weekend and this helped to avoid a more intense crisis. However, the unresolved territorial dispute was evident at the recent ASEAN summit, which for the first time in 45 years failed to agree on a statement, reportedly because of this precise issue.
The tensions in the East China Sea remain at a high level. Ishihara, the governor of Tokyo is delivering Prime Minister Noda a fait accompli.