Apparently Gas and Oil in that order. Volumes disputed by all. But there has to be something in that Region, to have the PRC muscle in on the other claimants. Or perhaps it’s protection for other alternative shipping routes, or a forward ballistic missile base, or maybe some undersea weapons testing area. Maybe even a karaoke bar for the PRC Navy. Jokes aside...
https://www.bpastudies.org/bpastudies/article/view/7/16
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What happens next?, page-260
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