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 he benefits maybe unclear, but Beijing can c

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lynk2510




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Join date : 2011-02-17

he benefits maybe unclear, but Beijing can c Empty
PostSubject: he benefits maybe unclear, but Beijing can c   he benefits maybe unclear, but Beijing can c EmptyJune 30th 2011, 5:52 am

aggression!" the crowds boisterously chanted anti-China slogans under a heavy security presence. A university student who joined the protest in Hanoi said he had heard about the demonstration on the Internet. "I came here to lash out at China," he said. One message online said, "We have driven aggressors out of our country many times...and all generations should take up arms [to fight Chinese aggression]."

Under the Vietnamese Communist Party, street demonstrations unauthorized by the government are strictly banned--as they are in China. Vietnamese authorities this time, however, apparently gave tacit approval to the protests. The outpouring of anger comes at a time of high inflation in Vietnam. Prices of food and other goods have risen about 15 percent since the beginning of the year, stirring discontent among the people. The Vietnamese government appears to have calculated this dissatisfaction could shake the regime's foundations, and could be heightened if it took a conciliatory stance toward China that might inflame nationalistic feelings among the people. Vietnam and China both face simmering discontent due to widening economic disparities among their populace. The confrontational stances taken by Vietnam and China toward each other appears to be the flipside of their domestic situations.

The modern history of the South China Sea is characterized by conflicts between Vietnam and China. In 1974, during the Vietnam War, the Chinese military drove South Vietnamese troops out of the Paracel Islands, which are claimed by Beijing and Hanoi. Armed conflict that erupted in 1988 over the Spratly Islands left more than 100 Vietnamese and Chinese troops killed or missing. Former Vietnam Border Committee Chairman Tran Cong Truc said China was testing Vietnam's reaction to the recent flareup, and warned China would become more aggressive in the South China Sea if Vietnam sat idly by.



Weighing the Cost-Benefit of War

By Michael Martin International Business Times 15 June 2011



In the recent skirmish over the South China Sea, both China and Vietnam are unclear about how much they stand to gain from the water space, but the potential costs are calculable, analysts say. Just how much oil is beneath the South China Sea's is unknown. Some Chinese sources estimate it's over 200 billion barrels, roughly 80 percent of Saudia Arabia's oil reserves, but others say that's an extreme exaggeration.

The benefits maybe unclear, but Beijing can calculate how much its mounting face-off with Vietnam over the sea space would cost the Chinese economy. At face value, the price tag is US $12.7 billion-- the amount of Vietnam's trade deficit with China in 2010, ac
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