International Economy - Current Affairs for March,2017

Month and Year:   
▼ SCS to hold China's first national underwater observatory   [03-6-17]

China is planning to build its first national underwater observatory in the disputed South China Sea (SCS).

The observatory will allow China to keep a check on underwater physical, chemical, and geological dynamics in real time.

The construction work on the platform will be done with the help of Institute of Acoustics and Shanghai’s Tongji University.

South China Sea has been a disputed territory with China claiming almost all of the waters.

It carries third of the world’s maritime traffic and has huge amounts of oil and natural gas. Philippines, Vietnam, Malaysia, Brunei and Taiwan also are claiming over the waters of SCS.