China is getting noisier and noisier in the South China Sea, sending warnings to every nation that challenges its ambitious agenda—to write the navigation rules for the world’ busiest sea trade route. In fact, global markets have been in a rally mode in recent months. Even as Beijing’s South China Sea protests intensified in recent months. ETF/Fund 6-month Performance (%) 12-month Performance (%) iShares MSCI iShares Japan (EWJ) 4.50 19.16 iShares MSCI South Korea (EWY) 4.52 26.19 iShare MSCI Philippines (EPHE) -15.25 2.99 SPDR S&P500 Index (SPY) 8.22 22.97Source: Finance.yahoo.com 2/21/2017Why do global markets ignore China's repeated warnings that have the potential of an open confrontation between Beijing and Washington? Apparently, global markets have already sensed this cruel reality for China.

Source: Forbes February 23, 2017 01:04 UTC