About a third of global maritime trade passes through the South China Sea annually, with crucial trade routes impacting many economies, notably China, India, and Japan.
In 2016, it was estimated that about $3.6 trillion worth of goods traveled through the South China Sea, underscoring its economic significance for global trade.
The South China Sea serves as a vital crossroads for intra-Asian trade and commerce with Europe, the Middle East, and Africa, amplifying its geopolitical importance.
Today's geopolitical tensions, including military standoffs, jeopardize the smooth flow of one of the world's key maritime trade routes, a concern for global economic stability.
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