South China Sea Expert believes increasing tension in South China Sea could have 'major economic' implications across the globe
The Chinese government has now started building up its defences in the South China Sea to ward off any attack on the disputed waters which they claim to own.
But associate Fellow with the Asia-Pacific Programme at Chatham House, Bill Hayton, says tensions in the disputed water can have "major economic implications"
Speaking to Express.co.uk, Hayton said: "Tensions there would echo right around the world because China is the world's second-biggest economy and Japan is the third."
Hayton said: "Then you've got Korea and Taiwan plus the southeast Asian countries."
"You've got a huge amount of trade crossing the South China Sea, some estimates say around $3.5trillion a year goes through it," Hayton said.
China has been engaged in territorial disputes with several nations in the past several weeks.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
