{"id":81635,"date":"2024-10-14T00:00:00","date_gmt":"2024-10-14T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2024\/10\/14\/rising-tensions-in-the-south-china-sea-cause-concern-over-key-global-trade-route\/"},"modified":"2024-10-14T00:00:00","modified_gmt":"2024-10-14T00:00:00","slug":"rising-tensions-in-the-south-china-sea-cause-concern-over-key-global-trade-route","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2024\/10\/14\/rising-tensions-in-the-south-china-sea-cause-concern-over-key-global-trade-route\/","title":{"rendered":"Rising tensions in the South China Sea cause concern over key global trade route"},"content":{"rendered":"

Concerns are growing over potential disruption to global trade as tensions rise in the <\/strong>South China Sea (SCS)<\/strong> \u2014 a crucial trade bottleneck for China, Japan and India<\/strong>, CNBC<\/a> reported on Friday. The situation in the SCS \u201cremains tense and unchanged,\u201d Filipino President Ferdinand Marcos said in a statement<\/a> last week. The South China Sea is the \u201cmost valuable shipping land in the world in terms of the value of trade that transit through it,\u201d chief global geo-macro strategist at BCA Research Marko Papic told CNBC.<\/p>\n

Background:<\/strong> The South China sea, located in the western Pacific Ocean, falls between China, Taiwan, the Philippines, Vietnam, Indonesia, Thailand, Malaysia, and Cambodia. Most of these nations have disputed claims to territory in the waters, yet China in particular, <\/span>claims most of the area<\/a> and uses \u201cgray zone\u201d tactics, CNBC writes, which are coercive actions that go beyond normal diplomatic activities but fall short of an armed conflict.<\/span><\/p>\n

What\u2019s at stake?<\/strong> The CSIS China Power Project estimates that USD 3.4 tn in trade<\/a> passed through the South China Sea back in 2016, constituting 21% of global trade, CNBC reports.<\/p>\n

Tensions have been high: <\/strong>China and the Philippines exchanged accusations of intentionally ramming coast guard vessels in the disputed waters of the South China Sea last month<\/a>. The Philippines claimed that a China Coast Guard vessel 5205 \u201cdirectly and intentionally rammed the Philippine vessel\u201d without provocation, while Beijing said that a Philippine ship \u201cdeliberately rammed\u201d a Chinese vessel. The collision \u2014 which happened near the Sabina Shoal in South China Sea \u2014 was the fifth in a month amid a long-running escalating rivalry between both parties.<\/p>\n","protected":false},"excerpt":{"rendered":"

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tensions in the South China Sea cause concern over key global trade route","related_issue":[81611],"teaser":"Stories on our radar this morning from around the world","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/10\/.264b085f-ddad-4f2a-8152-fd2c1cc80cc5.mp3"},"yoast_head":"\nRising tensions in the South China Sea cause concern over key global trade route - Logistics<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/logistics\/2024\/10\/14\/rising-tensions-in-the-south-china-sea-cause-concern-over-key-global-trade-route\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rising tensions in the South China Sea cause concern over key global trade route\" \/>\n<meta property=\"og:description\" content=\"Stories on our radar this 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