Get 40% Off
These stocks are up over 10% post earnings. Did you spot the buying opportunity? Our AI did.Read how

China hopes Vietnam does not 'complicate' South China Sea issue

Published 11/08/2019, 04:44 PM
Updated 11/08/2019, 04:48 PM
China hopes Vietnam does not 'complicate' South China Sea issue

BEIJING, Nov 8 (Reuters) - China called on Vietnam on Friday
not to "complicate" the South China Sea issue, after a senior
official in Vietnam said it could explore legal action, among
various options, in its territorial dispute with China over the
waters.
Friction has grown between the two communist-run countries
since China in July sent a ship for a months-long seismic survey
to an area internationally designated as Vietnam's exclusive
economic zone (EEZ), but also claimed by China. Speaking at a conference in Hanoi on Wednesday, deputy
foreign minister Le Hoai Trung said Vietnam preferred
negotiations but did have other options for the disputed
waterway, including arbitration and litigation. Asked about the comments, Chinese foreign ministry spokesman
Geng Shuang said that at the core of the South China Sea problem
was Vietnam and other claimants "invading and occupying" Chinese
islands.
"We hope that Vietnam faces up to historical reality and
abides by the high-level consensus reached by both countries,
upholds the resolution of the dispute by dialogue and
consultations and avoids taking action that may complicate the
issue and disturb the broader picture of peace and stability in
the South China Sea and bilateral relations," Geng said.
China claims almost all the energy-rich waters of the South
China Sea where it has established military outposts on
artificial islands. Brunei, Malaysia, the Philippines, Taiwan
and Vietnam also have claims to parts of the sea.
In 2016, the Philippines won a ruling at the Permanent Court
of Arbitration in The Hague that invalidated China's claim over
most of the waters following a 2013 case filed by Manila.
China refused to recognise the international court ruling
which clarified Philippine rights to energy reserves within its
EEZ.
But Vietnam's government, which aims for a measured approach
towards its largest trading partner, China, had not spoken
recently of the possibility of following suit.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.