(Worthy News) – An international tribunal in The Hague ruled in favor of the Philippines in a maritime dispute Tuesday, concluding China has no legal basis to claim historic rights to the bulk of the South China Sea.
Chinese President Xi Jinping rejected the decision by the Permanent Court of Arbitration, which is likely to have lasting implications for the resource-rich hot spot, which sees $5 trillion worth of shipborne trade pass through each year.
“China will never accept any claim or action based on those awards,” Xi said. China had boycotted the proceedings.
The tribunal concluded that China doesn’t have the right to resources within its “nine-dash line,” which extends hundreds of miles to the south and east of its island province of Hainan and covers some 90% of the disputed waters. [ Source ]
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