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Showing posts with the label International Business

South China Sea Dispute

Source: Google Images By Naveed Qazi | Editor, Globe Upfront With over $5 trillion of trade passing through the South China Sea, the strategic importance of this sea route continues to dominate. Any political volatility would not only harm the countries in a territorial dispute but also larger trading economies in the area like Japan and South Korea.  In fact, it is a place where all global trade converges.  South China Sea dispute is not only about oil and natural gas, but also about enormous fishing reserves. International media has mostly given attention to this trade route when any natural catastrophe has occurred.  In its quest for naval expansion and defence, Chinese State has already deployed more SSN nuclear submarines and SSBN ballistic missile submarines in the region, from Qingdao in the north, across the Yellow Sea from South Korea to Yulin, on Hainan Island in heart of South China Sea. It seems that China wants to e...