
May 27, 2014
As if global investors needed another excuse to buy stocks, China has escalated geopolitical tensions to 11 on the Spinal Tap amplifier of seriousness. With over 70 vessels in and around the Paracel Islands – where China has provocatively placed an oil rig in disputed Vietnamese territorial waters – it was only a matter of time before the blue touch paper was lit. As Yahoo Japan reports, a Vietnamese fishing vessel has sunk after being rammed by a Chinese vessel and the 10 fishermen have been rescued. While Vietnam has not responded yet, theCoast Guard warned “the situation at the site it very tense.”
- *CHINESE SHIP ATTACKS, SINKS VIETNAMESE FISHING BOAT, NEWS SAYS
- *CHINESE SHIP ATTACKS, SINKS VIETNAM FISHNG BOAT, BINH SAYS
- *LE HAI BINH, VIETNAM FOREIGN MINISTRY SPOKESMAN, SAYS BY PHONE
“It sank,” ministry spokesman Le Hai Binh said of the Vietnamese vessel. “It was rammed by a Chinese boat.”
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