Economy & Trade
South China Sea Escalation — The Spiral Neither Superpower Can Exit
⚡ FAST READ1-min read Simultaneous US and Chinese military exercises in the South China Sea in early 2026 have pushed the risk of accidental confrontation to its highest level since the 2001 EP-3 incident, threatening to drag Japan, ASEAN, and global supply chains into a crisis with no off-ramp. ── 3 Key