How China's military buildup threatens the US
Clay Dillow, special to CNBC.com
As China continues to pour billions into its massive military buildup, a pressing concern is its territorial ambitions in the South China Sea. Within the next two weeks the Pentagon is expected to send U.S. Navy warships to the area that will steam past China's artificial South China Sea islands in the first direct challenge to China's claims in the region.
The stakes are high, and the U.S. naval action could drive them higher still. Trillions in global seaborne trade transit the South China Sea each year (including roughly $1.2 trillion in goods bound for U.S. ports), but the vast majority of East Asia's energy resources pass through the Strait of Malacca and South China Sea as well.
The stakes are high, and the U.S. naval action could drive them higher still. Trillions in global seaborne trade transit the South China Sea each year (including roughly $1.2 trillion in goods bound for U.S. ports), but the vast majority of East Asia's energy resources pass through the Strait of Malacca and South China Sea as well.
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