<figure><img src="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/ir3.IQfNR5DQ/v5/-1x-1.png"><figcaption><div><p>Source: Bloomberg, 15:07</p></div><div></div></figcaption></figure><p>The US and the Philippines kicked off one of the largest military exercises in waters near the South China Sea on Monday. These joint military drills take place annually but this year&#x2019;s come amid rising tensions between China and the Philippines. The countries are sparring over control of the waterway, which is rich in energy reserves.&#xA0;</p><p>On today&#x2019;s Big Take, host Oanh Ha and Bill Faries break down why who controls this vast body of water matters for South East Asia and the rest of the world.</p>

The US and the Philippines kicked off one of the largest military exercises in waters near the South China Sea on Monday. These joint military drills take place annually but this year’s come amid rising tensions between China and the Philippines. The countries are sparring over control of the waterway, which is rich in energy reserves.

On today’s Big Take, host Oanh Ha and  Bill Faries break down why who controls this vast body of water matters for South East Asia and the rest of the world.

Big Take: China, Philippines Spar Over South China Sea

Hub Poster

Understand every aspect of the global economy – and know how to make your next move.