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Why China is building islands in the South China Sea | credit rating

Why China is building islands in the South China Sea


นอกจากการดูบทความนี้แล้ว คุณยังสามารถดูข้อมูลที่เป็นประโยชน์อื่นๆ อีกมากมายที่เราให้ไว้ที่นี่: ดูความรู้เพิ่มเติมที่นี่

China claims they aren’t military bases, but their actions say otherwise.
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Since 2014, China has been building islands in the middle of the South China Sea. What were once underwater reefs are now sandy islands complete with airfields, roads, buildings, and missile systems. In less than two years, China has turned seven reefs into seven military bases in the South China Sea, one of the most contentious bodies of water in the world.
The sea is one of the most important areas of ocean in the world. It’s estimated to hold 11 billion barrels of oil, 109 trillion cubic feet of natural gas, and 10 percent of the world’s fisheries. Most importantly, 30 percent of the world’s shipping trade flows through the South China Sea to the busy ports of Southeast Asia. It’s an incredibly important strategic area, and five countries currently claim some part of it.
Most countries base their claims off the United Nations Law of the Seas, which says a country’s territory extends 200 miles off its shores, an area called the exclusive economic zone, or EEZ. Any trade or resources that fall in a country’s EEZ belong to that country; they’re its sovereign territory. Any area that is not in an EEZ is considered international waters and subject to UN maritime law, meaning it’s shared by everyone. Every country in the region, which includes Malaysia, the Philippines, Brunei, and Vietnam, bases its claim to the South China Sea on the UN’s EEZ laws — except China.
China argues it has a historical claim to the South China Sea, dating back to naval expeditions in the 15th century. After World War II, the Japanese Empire lost control of the South China Sea, and China took advantage of the moment to reclaim it. On maps, it started drawing a dashed line that encompassed most of the South China Sea. This line became its official claim and is known today as the NineDash Line, because it always has nine dashes. In 1973, when the UN law established EEZs, China reaffirmed its NineDash Line, refusing to clarify the line’s boundaries and rejecting other countries’ claims.
Since then, tensions have built around who rightfully owns the South China Sea. The dispute has centered on the Spratly Islands, an archipelago at the heart of the South China Sea. Currently, China, Malaysia, the Philippines, and Vietnam claim some part of the Spratly Island chain. They’ve asserted their claims by putting small buildings, ports, and even some people on what are essentially rocks in the middle of the ocean.
But the Spratlys are very important, because whichever country can successfully claim them can extend its EEZ to include them, thus gaining miles of precious sovereign territory. This is why China began building up islands in 2014. By turning these rocks into military bases, the Chinese are now able to support hundreds of ships, bolstering their presence in the region. They are using fishing boats, surveillance ships, and navy destroyers to set up blockades around other countries’ islands and defend their own. This is all done very cautiously and in small steps in order to avoid sparking a wider conflict.
Since China began building islands, the disputes have not become violent. But tensions are building in the region. As China deploys more of its military to the Spratlys, other countries are getting nervous and building up their own islands. It’s a complex situation that will continue to gain international attention, for better or for worse.
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Why China is building islands in the South China Sea

Credit Rating || Financial Services || Commerce Companion


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Credit Rating || Financial Services || Commerce Companion

The \”Big Three\” Credit Rating Agencies in One Minute: Standard \u0026 Poor’s/S\u0026P, Moody’s and Fitch Group


Ask a random person if he has ever heard of \”S\u0026P\” and he might say that yes, the term sounds familiar but then again, chances are the individual in question would probably make the same statement if you asked him about \”P\u0026G\” or any other \”you’ve probably heard about it but don’t quite know where\” household name.

Unfortunately, the overwhelming majority of individuals know next to nothing about why credit rating agencies such as the (in)famous big three (Standard \u0026 Poor’s, Moody’s and Fitch Group) exist and most importantly… why the average person should care.

Ironically, ask the same people about the Great Recession and you will hear a mouthful about how bad it was for them. Unfortunately, credit rating agencies have played a key negative role as far as the entire MBS fiasco associated with the Great Recession is concerned and as such, it might be wise to learn a thing or two about them.

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Does the purpose of this video revolve around explaining that Moody’s, S\u0026P and/or Fitch are somehow evil entities that indent to destroy the financial world as we know it? Of course not, credit rating agencies can actually be extremely useful under the right circumstance, which is why it is important to place adequate pressure on them to treat their systemic role much more seriously. Fair enough?

The \

Credit Ratings


The credit rating assigned to a given debt, by the rating agency, shows an agency’s level of confidence that the borrower will honor its debt obligations as agreed.
Click here to learn more about this topic: https://corporatefinanceinstitute.com/resources/knowledge/finance/ratingagency/

Credit Ratings

China’s trillion dollar plan to dominate global trade


It’s about more than just economics.
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China’s Belt and Road Initiative is the most ambitious infrastructure project in modern history. It spans over 60 countries and will cost over a trillion dollars. The plan is to make it easier for the world to trade with China, by funding roads, railways, pipelines, and other infrastructure projects in Asia and Africa. China is loaning trillions of dollars to any country that’s willing to participate and it’s been a big hit with the less democratic countries in the region. This makes the BRI a risky plan as well. But China is pushing forward because its goals are not strictly economic, they’re also geopolitical.
To truly understand the international conflicts and trends shaping our world you need a bigpicture view. Video journalist Sam Ellis uses maps to tell these stories and chart their effects on foreign policy.
Vox.com is a news website that helps you cut through the noise and understand what’s really driving the events in the headlines. Check out http://www.vox.com.
Watch our full video catalog: http://goo.gl/IZONyE
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China's trillion dollar plan to dominate global trade

นอกจากการดูหัวข้อนี้แล้ว คุณยังสามารถเข้าถึงบทวิจารณ์ดีๆ อื่นๆ อีกมากมายได้ที่นี่: ดูบทความเพิ่มเติมในหมวดหมู่wes-and-vps/

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