United States and China In Conflict Over U.S. Not Recognizing China’s Claims To Islands Air Space

The U.S. Navy sent a warship within 12 nautical miles of a Chinese artificial island in the South China Sea.

October 27, 2015    by Ryan Biek  http://www.newsy.com

http://www.newsy.com/videos/u-s-defies-china-s-territorial-claims-in-south-china-sea/#ooid=IwZGlmeDqr2oaFJkJ7o3GsE-y-63Uyj3

A U.S. warship defied Chinese territorial claims Tuesday and sailed within 12 nautical miles of an artificial island in the South China Sea.

The Chinese island has been called an unsinkable aircraft carrier by some military analysts. The manmade land holds an airstrip, barracks and other military equipment. (Video via U.S. Navy)

Maritime law extends a country’s ownership 12 nautical miles beyond its land. By sending guided missile destroyer USS Lassen through that zone, the U.S. has essentially said it doesn’t recognize China’s claims.

“It follows on a step the U.S. took in May this year when it flew a U.S. surveillance plane, and we were on board, directly over these islands to say that the U.S. does not recognize Chinese airspace …,” a security correspondent told CNN.

As Fox News notes, China says almost all of the South China Sea is theirs. Meanwhile, Brunei, Malaysia, the Philippines, Taiwan and Vietnam have declared parts, or all, of the sea as their own.

The U.S. claims neutrality on territorial disputes and says it’s only exercising its freedom of navigation. The U.S. Navy frequently patrols the South China Sea, often with Chinese ships close behind, as you can see in this video. (Video via U.S. Navy)

An article published in The Wall Street Journal notes the South China Sea is home to half of the world’s shipborne trade. The author also argues historical inaccuracies plague China’s so-called “historic rights” to the sea. (Video via Fox News)

Still, it’s a little unclear what the U.S.’s endgame is. It’s unlikely that China will break up its artificial islands anytime soon.

But as a naval expert told CNN, China’s strategy in the South China Sea has been “one of ambiguity.” The U.S.’s recent move could force China to clarify its ownership claims, which can then be refuted or defended. (Video via U.S. Navy)

This video includes images from Getty Images.

The US Fiscal Showdown – interest rate lift-off, or will the Fed keep markets guessing again? | CMC Markets UK

With concerns over the global economic outlook intensified by another Chinese rate cut, all eyes are on the FOMC meeting this week, where investors will be looking to see if the Fed give any clear indication of when a rate rise is likely, or whether they’re poised to keep the markets guessing…Within this report Colin discusses:• What to expect from the October meeting• The last FOMC meeting and how markets reacted• How the Fed itself has reacted since the last meeting

Source: The US Fiscal Showdown – interest rate lift-off, or will the Fed keep markets guessing again? | CMC Markets UK