he Chinese military declared Friday that China had "indisputable sovereignty" over the South China Sea but insisted it would continue to allow others to freely navigate one of the busiest waterways in the world.
The statement by the People's Liberation Army seemed designed to reiterate China's claims to the entire 1.3 million-square-mile waterway while calming concerns in Washington and Asian capitals that its policy toward the region had suddenly become significantly more aggressive.
"China has indisputable sovereignty of the South Sea, and China has sufficient historical and legal backing" to support its claims, Senior Col. Geng Yansheng, a Ministry of Defense spokesman, told reporters Friday during a visit to an engineering unit on the outskirts of Beijing.
But he added, "We will, in accordance with the demands of international law, respect the freedom of the passage of ships or aircraft from relevant countries."
The Market Will Soon Hit An Air Pocket And Drop 20% In A Matter Of Months
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Yesterday, in a presentation to investors, Dubravko Lokas-Bujas, JP
Morgan’s Chief Global Equity Strategist, called for an “out of the blue”
stock market c...
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