The three magnates figured through Reed Bank, they would be among the region’s largest energy firms. How much has the triad plunked in for its Reed Bank project? This, however, is wrong, as China claims the Reed Bank on the ground it is within its Nansha archipelago (Spratly) is its sovereign territory. That paper, as I have written several times before, has been spreading outright fake news regarding China in the South China Sea. But the arbitration panel did not even order China to vacate the Reed Bank.

Source: Manila Times May 09, 2021 16:18 UTC