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Strategies & Market Trends : Currents of Currency

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From: The Wharf

7/25/2012 12:18:03 PM

of 594

From: The Wharf	7/25/2012 10:34:17 AM
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http://www.examiner.com/article/china-s-new-city-could-breed-conflict-the-south-china-sea China's new city could breed conflict in the South China Sea China July 24, 2012 By: Matt Benamy According to a report by TIME, on July 24 a celebration occurred to mark the establishment of China's newest city known as Sansha. While there is nothing inherently important about the small picturesque town of 3,500 residents, it is in the Paracels archipelago. The Paracels archipelago has been a primary area of contention in the ongoing disputes over territory in the South China Sea. According to a report by TIME, on July 24 a celebration occurred to mark the establishment of China's newest city known as Sansha. While there is nothing inherently important about the small picturesque town of 3,500 residents, it is in the Paracels archipelago. The Paracels archipelago has been a primary area of contention in the ongoing disputes over territory in the South China Sea. On Tuesday July 24 Sansha established a prefecture-level municipal government, and China's People's Liberation Army has announced plans to station a military garrison there. The timing and circumstances are leading many to speculate whether the Chinese government established this city despite the tense territory negotiations, or if it is an attempt to further demonstrate their insistence that all of the disputed territory is Chinese territory. >> Apparently if one searches for oil in the area it gives you the non disputed right to the area. Another Strait of Hormuz ?

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