InvestingTop News

Pentagon criticizes Chinese military drills in disputed South China Sea

1 Mins read
imageWorld6 hours ago (Jul 02, 2020 07:15PM ET)

WASHINGTON (Reuters) – The U.S. Defense Department expressed concern on Thursday about China holding military exercises in the South China Sea, saying the move will further destabilize the situation in the disputed waters.

“Conducting military exercises over disputed territory in the South China Sea is counterproductive to efforts at easing tensions and maintaining stability,” the department said in a statement.

China announced last week it had scheduled five days of drills starting July 1 near the Paracel Islands, which are claimed by both Vietnam and China.

“The military exercises are the latest in a long string of PRC actions to assert unlawful maritime claims and disadvantage its Southeast Asian neighbors in the South China Sea,” the statement said, referring to the People’s Republic of China.

The United States accuses China of militarizing the South China Sea and trying to intimidate Asian neighbors who might want to exploit its extensive oil and gas reserves.

China claims 90% of the potentially energy-rich South China Sea, but Brunei, Malaysia, the Philippines, Taiwan and Vietnam also lay claim to parts of it, through which about $3 trillion of trade passes each year.

Pentagon criticizes Chinese military drills in disputed South China Sea

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.