Article Abstract:
Hong Kong's future appears under threat since China has dishonored the 1984 Joint Declaration signed with Britain. China published a Basic Law which reversed the key agreements in the Declaration, including boosting of Hong Kong's market and an elected legislature. Though many Hong Kong businessmen blame Governor Chris Patten for annoying China with his proposed political reforms, it is obvious that China has no experience in running a modern economy and is unprepared to allow democracy in Hong Kong. China may also be unprepared to conform to the rules of GATT, which it hopes to join.
User Contributions:
Comment about this article or add new information about this topic:
Article Abstract:
China's intent to join the UN Convention on the Law of the Sea will provide nations with territorial waters in the South China Sea to resolve disputes over the scope of exclusive economic zones. Under the treaty, boundaries are defined by 200 nautical mile limits and equidistance from baselines. China's claims under the treaty will likely be questioned, particularly its archipelagic claims. The shared South China Sea areas will be under the administration of the Spratly Management Authority, which will identify appropriate uses for the region.
User Contributions:
Comment about this article or add new information about this topic:
Article Abstract:
China's new law which declares its sovereignty over the Senkaku Islands in the East China Sea has strained its relations with Japan, Taiwan and South Korea, complicating the issue with their own claims. The East China Sea is thought to be oil-rich and a high-potential hydrocarbon resource area. Possible solutions include China and Japan agreeing on an equidistant line and dividing the area into portions. Nevertheless, joint development of the area may be the only alternative to open conflict.
User Contributions:
Comment about this article or add new information about this topic: