Rising naval tensions in the South China Sea are increasingly posing risks to some of the world’s most vital shipping lanes, experts warn.
With China claiming almost all of the South China Sea, Beijing boats have been clashing with vessels of the Philippines and Vietnam, which have overlapping claims."The South China Sea is the most valuable shipping lane in the world in terms of the value of trade that transits through it," Marko Papic, chief global geo-macro strategist at BCA Research, told CNBC.
"The South China Sea is the most valuable shipping lane in the world in terms of the value of trade that transits through it," Papic told CNBC, noting that conflict there poses obvious risks to global shipping. Meanwhile, Vietnam's foreign ministry also recently condemned China's actions in the South China Sea, accusing Chinese vessels of carrying out a"
In asserting its claims, China has allegedly used what analysts refer to as"gray zone" tactics, commonly known as coercive actions that fall short of an armed conflict but go beyond normal diplomatic activities.
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