Looks like China is now pissed off with UK over the South China Sea.

http://uk.reuters.com/article/uk-southchinasea-china-britain-idUKKCN0XH0QS

That raises an interesting question for Australia: If the UK is going to support the US will Australia have to support the UK? After all 'tu reina, mi reina'.

Just think about this;
Japan needs 8 oil tankers to arrive in Japanese ports EVERY day !
Assuming average 1 million barrel tankers.
If China's enforcement in the Sth China sea was implemented some 4 or
5 days later Japan would be out of oil for a week as that is approx
the extra time to go the long way round via Torres Strait.
There might be another "short cut" via Nth of PNG and East of the Phillipines.
Either way it means Japan would have to employ an extra 100 oil tankers.
ie 8 a day X 7 = 56. Double it to cater for the return voyage.
No matter how inaccurate my figures it would still add up to big dollars (or Yen).
These extra costs apply to all trade through what we should start
calling the Sth Asia Sea.

Now do you understand why this is so important ?

Bazz said;
Well all those that abused Pauline Hanson because of her maiden
speach in parliament can now apologise to her.
While they are at it they might apologise to Enoch Powell the
British member of parliament that predicted what is now going on in Europe.

Will they never learn ?

No one said a word, especially those that abused Pauline Hansen.
Cat got your tongue ?

BTW, I see that the banks are having trouble with the mainland
Chinese who have been buying apartments off the plan in getting
the money at settlement time.

--Trixxxx is also concerned that the banks are now becoming too tough
on Chinese buyers — his main client base.
That’s why he went and saw APRA boss Wayne Byers last week.

So all is not lovely in the Chinese real estate business.
A friend of mine said; if doing business with the Chinese make sure
you have it all tied up, i s dotted and ts crossed.
They are merciless in business.
He had many years doing business with them.

Hi Bazz,

Good analysis re Japan being affected by China's closure of the South China Sea.

China will be able to push Japan out of the marketplace and secure a China-only trade system between East Asia and Europe. It will also be in a position to cut off oil to Japan in the event of a war.

This is not something that is happening by chance. China has been working towards these goals for years.

Disgusted with many comments on this.

Are you people blind? Can you not see that the US wants to surround Russia and place military bases on their doorstep? What do you think the Ukraine issue was all about?

Can you not see that China can see the writing on the wall regarding the US intentions towards them, that the US is after them too?

China is simply awake as to what the US is doing and on this matter, they have simply beaten them to the punch.

Just how blind are you people??

Not blind at all, we can see what is happening and we are glad someone
is not just going to sit back.

If you have any doubts ask the Tibetans and the Vietnamese.
.