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2012/05/13

Sinophobia: The Philippines are Scared of the Chinese and Energy Concerns

-THE WORLD IS COLLAPSING!  Not really. 

http://youtu.be/5pcRe7kNsGw

Sinophobia is on the rise in the Philippines as perceptions gain currency that China is bullying its smaller Southeast Asian neighbors, particularly over contested territorial claims in the potentially energy resource rich South China Sea. Growing trade and investment linkages, however, will make it difficult for Philippine legislators to follow through on their boycott and tariff threats.

China's previous "soft power" campaign, characterized by trade and investment initiatives, have strengthened regional economic integration and will likely temper individual country's response to its now rising assertiveness. As Manila now bids to recalibrate its trade and diplomacy more towards the US and European Union, the economic reality is that China represents a still fast expanding major market while growth in the crisis-hit West is expected to remain flat for the foreseeable future.

Asia Times Online :: Southeast Asia news and business from Indonesia, Philippines, Thailand, Malaysia and Vietnam:

The Rise of China and Its Energy Implications: Panel I:
The Baker Institute's Energy Forum hosts a conference at the Baker Institute about the future of China's role in the energy sector and the global economy.

In this Session:
"China's Oil Sector: Trends and Uncertainties"
Alan Troner, President, Asia Pacific Energy Consulting

"Long-Term Energy Outlook in the U.S. and China from the Present Until 2030"
Rob E. Gardner, Manager, Economics & Energy Division, ExxonMobil Corporation

"Vehicle Stocks in China: Consequences for Oil Demand"
Ronald Soligo, Professor of Economics, Rice University

"Outlook for China: LNG and Natural Gas"
Kenneth B. Medlock III, James A. Baker III and Susan G. Baker Fellow in Energy and Resource Economics, James A. Baker III Institute for Public Policy
For more information please visit:
https://www.bakerinstitute.org/events/the-rise-of-china-and-its-energy-implic...
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Naval clash in the South China Sea: On April 7, a Philippine naval warship, the 115-meter Gregorio del Pilar, arrived at Scarborough Shoal, a small island in the South China Sea, and detained eight Chinese fishing boats anchored there, accusing them of illegal fishing activities in Filipino sovereign waters.

China promptly sent two naval vessels of its own to the area, claiming that the Gregorio del Pilar was harassing Chinese ships in Chinese, not Filipino waters. The fishing boats were eventually allowed to depart without further incident and tensions have eased somewhat. However, neither side has displayed any inclination to surrender its claim to the island, and both sides continue to deploy warships in the contested area.

Asia Times Online :: The energy wars heat up:



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