The Trader 

Market Outlook: Chinese military bristles

The Trader

This morning China lashed out after a US destroyer sailed into the South China Sea close to the disputed Spratly Islands and within 12 miles of two Chinese military outposts.  Reuters reports that this is the latest attempt by Washington to counter Beijing’s efforts to limit navigation in what they see as an area where it has ‘indisputable sovereignty’.  In retaliation, Chinese officials have cancelled a security meeting with US Secretary of Defence Jim Mattis due this month.

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