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Media Report
April 08 , 2015
  • The Wall Street Journal writes, "U.S. Secretary of Defense Ash Carter said the U.S. was concerned by China's land reclamation efforts in the South China Sea and by the possibility that construction there has a military dimension...China has embarked on a dramatic expansion of construction of artificial islands on disputed South China Sea reefs, which defense experts say could form a network of island fortresses to help China control most of the South China Sea. Chinese officials have defended the construction work as necessary and lawful. The U.S. generally avoids taking sides in such matters but is concerned by China's activities in disputed portions of the South China Sea, Mr. Carter said."
  • "The Asia Infrastructure Investment Bank is positioning itself as an Asia-centric alternative to the World Bank and International Monetary Fund, even though the head of the World Bank on Tuesday tried to cast the AIIB as a partner, not a rival. However, some prominent U.S. voices recently have been expressing alarm both at the AIIB's growth, and its ability to attract U.S. allies even though the Obama administration has been seeking to discourage membership. The U.S. holds the largest voting bloc in the IMF/World Bank structure, but has not signed on to the China effort. With the addition of Iran and the United Arab Emirates, the roster of prospective AIIB members has grown to 35," reports CNBC.

  • According to Reuters, "China and Vietnam have pledged to look for a peaceful resolution to their dispute in the South China Sea via talks, following a meeting between China's president and the head of Vietnam's Communist Party...the two countries agreed to 'use well the Sino-Vietnam government border negotiation mechanism, uphold friendly consultations and negotiations to look for a basic and lasting resolution both countries can accept', the statement said. China and Vietnam should also 'proactively look for transitional resolution methods which do not affect either side's position, including looking at and discussing joint development'...Communist parties rule both countries and trade has swelled to $50 billion annually, but Vietnam has long been suspicious of its giant neighbor, especially over Beijing's increasingly assertive claims to almost the entire South China Sea."
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