Just Earth News | @justearthnews | 19 Aug 2021, 09:44 am Print
Image: Pixabay
The Chinese government has now started building up its defences in the South China Sea to ward off any attack on the disputed waters which they claim to own.
But associate Fellow with the Asia-Pacific Programme at Chatham House, Bill Hayton, says tensions in the disputed water can have "major economic implications"
Speaking to Express.co.uk, Hayton said: "Tensions there would echo right around the world because China is the world's second-biggest economy and Japan is the third."
Hayton said: "Then you've got Korea and Taiwan plus the southeast Asian countries."
"You've got a huge amount of trade crossing the South China Sea, some estimates say around $3.5trillion a year goes through it," Hayton said.
China has been engaged in territorial disputes with several nations in the past several weeks.
- US official reacts to Elon Musk's remarks backing India's permanent UNSC seat
- Sri Lanka: 6.2 magnitude earthquake hits Island Nation, no casualty
- UN chief hails SE Asia for vital role ‘building bridges of understanding’
- India-Uzbekistan Synergy at the SCO
- Kazakhstan to host Astana International Forum in June to address key global challenges