South China Sea deal eases US-China tension(Read article summary)
China acquiesced to a draft agreement on the South China Sea dispute ahead of Secretary of State Clinton's arrival at an ASEAN summit last night – perhaps to block US 'meddling' in talks.
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China claims sovereignty over the entire sea, but the Philippines, Vietnam, Taiwan, Brunei, and Malaysia also claim parts of it as their own. A third of the world's shipping passes through this body of water, which is also rich in oil and natural gas, the Associated Press reports.
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