December 2, 2013

Is China Trading a Fly Zone for a Growing Economy?

Patrick Smith, Fiscal Times

The Associated Press

Beijing’s recent announcement that it will assert rights over a newly declared “air defense identification zone” off its coastline is its latest move in its face-off with Tokyo over who owns some forlorn rocks the Japanese call the Senkakus and the Chinese the Diaoyus. The material dimension of this question has to do with oil and gas deposits beneath the islands, which Japan has long administered.

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TAGGED: China, Asia

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