Road to World War 3: How the battle for the 5 trillion dollar fishing industry + oil might cause another devastating war.

                In many news articles all the coverage goes to China vs Philippines, but not many cover the economic aspect which is cause the fight between nations. Lets look at some numbers

1) South China Sea accounts for 10 percent of the worlds fishing revenue. This revenue is split between China,Philippines,Taiwan,Malaysia,and Brunei who each claim small part of the South China Sea as their own through various treaties.

2) The total annual income of all these nations a year is $5 Trillion dollars a year. If China can claim all of the South China Sea as it's own , China would be the richest nation on earth .

3) The only undetermined fact is the oil that Chinese scientist have found , but China has never tap any of these resources yet. Lets just say many countries in the middle east have been able to survive off of oil revenue being 70-80% of their total income. How much more richer and powerful would China be if they had full ownership of the South China Sea.

Chinese reporter claims China actually owns Philippines

         We have to look at the economic issue even more than the military issue to understand why there is such an intense China vs Philippines 2012 conflict. Also note it isn't just the Philippines, also claiming some parts of South China Sea is Vietnam, Malaysia,Taiwan,and Brunei. All of the countries would fall into a economic collapse if it wasn't for the fishing industry they all have a part of. Let us hope by some miracle all countries involved find a resolution before a World War 3 2012 starts. For daily news on this China vs. Philippine conflict just submit your email on the right hand side to subscribe or bookmark this site. Also you can click on the Facebook or Twitter buttons and share the news with friend or family.