SEOUL (Reuters) – South Korea on Thursday warned that an escalating trade dispute between the United States and China could hit its exports of “intermediary goods” used in home appliances, computers and communications devices. South Korea’s trade ministry said in a statement that the trade war could be “prolonged and spread,” adding that it would […]
GENEVA (Reuters) – A “reckoning” over China’s unfair trade policies is urgent and is too big for the World Trade Organization to handle, U.S. ambassador Dennis Shea told a WTO meeting on Wednesday. Washington has raised the stakes in its trade dispute with Beijing, threatening 10 percent tariffs on $200 billion of Chinese goods. In […]
The July 12, 2016 Award of the Arbitral Tribunal was a landmark ruling for three reasons. First, the Arbitral Tribunal ruled that China’s so-called historic nine-dashed line cannot serve as legal basis to claim any part of the waters or resources of the South China Sea. China, like all other coastal states in the South China Sea, cannot claim maritime zones beyond what UNCLOS allows, that is, not exceeding 350 NM from the coastline. The result is that about 25 percent of the South China Sea are high seas, and all around the high seas are the exclusive economic zones of the adjacent coastal states. Of course, in the high seas and exclusive economic zones there is freedom of navigation and freedom of overflight as recognized under customary international law and UNCLOS.
Sailors prepare FA-18 Hornet fighter jets for take off during a routine training aboard the US aircraft carrier Theodore Roosevelt in the South China Sea on April 10, 2018. (File photo from AFP) President Rodrigo Duterte may have chosen to set aside an international tribunal ruling that invalidated China’s claim to nearly all of the […]
The PLA confirmed the drills involved ships and troops near Taiwan, but it was not clear if the drills were finished or ongoing A Chinese People’s Liberation Army destroyer and a frigate have been cruising waters close to Taiwan doing high-seas combat drills since last week in a move seen as stepped-up saber-rattling by Beijing. […]
SHANGHAI (Reuters) – China’s stocks slumped Wednesday after three days of gains and the yuan weakened as the United States threatened more import duties on Chinese goods, sharply escalating the trade conflict between the world’s two biggest economies. China’s commerce ministry said it was “shocked” by Washington’s latest move, which comes just days after […]
Beijing has called on Chinese firms to substitute American imports with those from other countries in response to US trade tariffs. According to the Ministry of Commerce, China considered the substitution of imports and the overall impact on trade and investment while making up a list of US goods hit by import duties. “We encourage […]
But Beijing doesn’t seem to take into account U.S. submarines. The bad news first. The People’s Republic of China now believes it can successfully prevent the United States from intervening in the event of a Chinese invasion of Taiwan or some other military assault by Beijing. Now the good news. China is wrong—and for one […]
US should ‘destroy’ China’s military assets in South China Sea, Sen. Rubio says Sen. Marco Rubio suggested in an interview last week that the U.S. should seek to “destroy” China’s new military outposts on various disputed island territories throughout the South China Sea. The senator said that neutralizing China’s dominance in the region is critically […]
Among coastal states in the South China Sea, the most important aspect of the Award is the ruling that China’s so-called historic nine-dashed line cannot serve as legal basis to claim any part of the waters or resources of the South China Sea. China, like all the other coastal states in the South China Sea, can only claim maritime zones not exceeding 350-NM from its coastline. The Award in effect affirmed the existence of high seas in the South China, comprising about 25 percent of the waters of the South China Sea, and all around these high seas are the EEZs of the adjacent coastal states. In the EEZs, all the fish, oil, gas and other mineral resources can be exploited solely, and exclusively, only by the adjacent coastal state.