The Asia-Pacific: More Stable than Anyone Thinks

... Japan passes through the South China Sea, which sounds alarming indeed. But 80% of the oil bound for China passes through the South China Sea. What's more, oil bound for Taiwan, Korea, and Japan can always be diverted out of harm's way for the modest price ... ... China is using its economic leverage to promote an alternative to the TPP that it calls the Free Trade Area of the Asia Pacific (FTAAP). It has had little success. As the host of the November 2014 APEC summit, China was able to push through an agreement to ...