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Thursday, 17 January 2013

Asean Chief Says Asia Tensions Could Hit Growth

Mounting tensions over competing territorial claims in the South China Sea could hurt economic growth and integration in Southeast Asia, the new head of the Association of Southeast Asian Nations said.


Le Luong Minh , secretary-general of the 10-country association, said the region would suffer if frictions continue over control of the resource-rich waterway. China has claims in the area that overlap with those of Asean members Vietnam, the Philippines, Malaysia and Brunei, as well as Taiwan.


Many fear any escalation of the political and military posturing over the South China Sea could hurt development in Southeast Asia, which has posted some of the strongest growth in the world in recent years.


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Eric Bellman, Wall Street Journal via CHINA US Focus http://feedproxy.google.com/~r/ChinaUsFocus/~3/Rv7y0eyUR8E/

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