TFTB: Howard Marks & Investing Rules
Hague Tribunal finds China has no 'historic title'
In a judgement that is even tougher on Beijing than anticipated, the Permanent Court of Arbitration in The Hague has rebuked China on everything from its interference in its smaller neighbour's fishing to the environmental devastation wrought by its large-scale construction on fragile coral reefs. Crucially the judges also found that the Beijing's artificial islands do not generate an extended maritime zone because the natural features could not sustain human habitation.
What’s at stake in China’s claims to the South China Sea?