Just Earth News | @justearthnews | 19 Aug 2021, 09:44 am Print
South China Sea 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.
- UNESCO sounds alarm after Pakistan uses cement on ancient Taxila walls
- Luxury mansions, Lamborghinis and lies: Miles Guo sentenced to 30 years in US prison for $1 billion fraud
- Trump suffers major blow as US Supreme Court blocks bid to end birthright citizenship
- When will Sheikh Hasina return to Bangladesh? Ex-PM sends strong message to current government
- 'Look inwards': India issues sharp response to Pakistan after Islamabad's allegations on Karachi terror strike
