At the Third Session of the Eleventh Chinese People’s Political Consultative Conference (CPPCC), Rear Admiral Yin Zhuo asked China not to fall behind on Arctic Ocean exploration.
According to the United Nations Convention on the Law of the Sea (UNCLOS), the North Pole and surrounding area are the common wealth of the world’s people and do not belonging to any country, said Yin Zhuo, a Rear Admiral and former President of the Chinese Naval Strategy Institute. Yin criticized that some countries are infringing upon other nations interests by fighting for sovereignty over the region, which reportedly has 9% of the world’s coal and a quarter of the global untapped oil and gas, together with abundant diamond, gold, uranium, and other resources.
Having a belief in the future possibility of China’s regional war in the oceans, Yin proposed to establish a cross-agency commission focusing on strategic planning.
Source: China News Service, March 5, 2010
http://www.chinanews.com.cn/gn/news/2010/03-05/2154039.shtml