China to Invest $1.6 Billion on Disputed Islands, Herald Reports
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China plans to spend more than $1 billion building an airport, piers and other infrastructure on islands at the center of a territorial dispute with Vietnam and the Philippines, the 21st Century Business Herald reported.
The central government approved plans to invest 10 billion yuan ($1.6 billion) in infrastructure for areas administered by the city of Sansha, the newspaper reported today, citing Jiang Dingzhi, governor of Hainan province, which holds jurisdiction over the city. China set up Sansha in June to oversee the Paracel and Spratly islands, parts of which are also occupied or claimed by Vietnam, the Philippines, Taiwan, Malaysia and Brunei.