China Decides that South China Sea Oil is a National Asset

by John Daly, Oil Price:
While the Western press is fixated on both recent North Korean nuclear tests and Beijing?s recent skirmishes with Japan over the Senkaku (?Diaoyu? in Chinese) islands, other maritime issues have developed further south, where China is involved in sovereignty disputes over the Spratly islands? 750 islands, islets, atolls, cays and outcroppings with the Philippines, Taiwan, Vietnam, Malaysia and Brunei.
Beijing is bolstering its claims with ancient Chinese maps, despite the 2002 ?Declaration on the Conduct of Parties in the South China Sea,? designed to ease tensions over the archipelago.
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Source: http://totalinvestor.blogspot.com/2013/02/china-decides-that-south-china-sea-oil.html

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