August 30, 2012

Asia's Explosive Maritime Fault Lines

Francesco Sisci, Asia Times

AP Photo

Even in normal times, a quarrel between the world's second- and third-largest economies is important. In times of crisis, when the No 2 power, China, is the largest single contributor to the economic growth of the rest of the world, it becomes crucial for everyone. The current tension between China and Japan, the third-largest economy, over a group of islets and rocks called Diaoyu in Chinese and Senkaku in Japanese runs the risk of shaking nerves throughout the region, which could then affect trade and development well outside the region.

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TAGGED: South China Sea, Asia

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