Japan to pay $4.3 billion to settle Chinese claims

Japan to pay $4.3 billion to settle Chinese claims

September 8, 2021 Comments Off on Japan to pay $4.3 billion to settle Chinese claims By admin

China has offered Japan $4 billion to resolve its claims in the South China Sea and to compensate victims of Chinese fishing vessels that violated fishing zones in the waters of the South East Asian country.

China’s offer follows its announcement earlier this week that it would compensate victims in the case of a Japanese fishing boat sinking off the Philippines, where it has repeatedly complained of violations by its vessels.

The Philippine government has also accused China of sending warships into its territorial waters, including in the Spratly Islands, a move Beijing denies.

Japan has also been a target of Chinese attacks.

In a statement late Monday, China’s Foreign Ministry said the offer was a “serious offer” that “will be considered.”

It said Japan has already submitted its claims for compensation to the Philippines and the two countries have been discussing ways to settle the issue.

The ministry also said it will “respond to the Chinese offer” if it is not honored.

The Philippines said the Philippines will not accept the offer and is looking into other options to resolve the dispute.

In April, the Philippines said China had threatened to sink a Philippine vessel that was sailing close to waters claimed by Beijing in the East China Sea.

China’s navy and coast guard have repeatedly attacked Philippine ships, including one that sank off the country’s southern island of Mindanao in October last year.

The Philippine military has said China has been carrying out a “pattern of activities” that violate the territorial integrity of the Philippines.

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