Free Trial

Bullish Outlook


Trend Needle Still Points South


US-ASEAN Summit Concludes


Risk-On Sentiment Dominates

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

Chinese military spokesperson Colonel Tian Junli has said that China has issued an 'eviction warning' to US warship USS Benfold operating in disputed waters around the Xisha island chain in the South China Sea.

  • The official statement from the Chinese military read: 'We solemnly demand that the US side immediately stop such provocative actions, otherwise it will bear the serious consequences of unforeseen events'.
  • Whilst this event isn't in itself a dramatic escalation of tensions in the region it highlights the increasing assertiveness of Chinese militarisation of the South China Sea.
  • The Xisha Islands are claimed by China, Vietnam, and Taiwan but China holds de facto control through military infrastructure on the island chain.
  • The US military has a stated foreign policy objective of maintaining freedom of navigation in the South China Sea but the Biden administration has been criticised for its lack of military presence in the region.
  • Increased Chinese assertiveness could be another headache for US foreign policy makers as the so called 'pivot to the East' is being challenged by Russian aggression in Ukraine focusing US military and diplomatic attention on NATO's European defence framework.
MNI London Bureau | +44 203-865-3850 |

To read the full story

Why Subscribe to

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.