Rodrigo Duterte Is Crushing Philippines' StocksChina has told America to stay away from its “own” South China Sea again. This time around, the message came from Hainan-based National Institute of South China Sea Studies. The Beijing-backed think tank reports that the American navy and air forces carried out more than 700 surveillance patrols in the South China Sea region during 2015. Officials at the institute warned that Beijing is prepared to set up an Air Defense Identification Zone in the South China Sea if Washington continues its military presence in the region. Then came an international arbitration ruling last July, which found that China has no historic title over the waters of the South China Sea.

Source: Forbes November 29, 2016 01:18 UTC