China considers air defense zone after losing South China Sea court ruling - UPI.com
UPI reports: "China says even if its claims to 90 percent of the South China Sea
isn't recognized, it still reserves the right to establish an air
defense zone. [...] Tensions could escalate as China refuses to recognize the court decision. About $5 trillion of trade occurs in the South China Sea annually."
Comment: There is still a chance this can all blow over, but given the number of claimants to the various islands and the apparent resolve by China to not let it go, well, things don't look good. With any luck, this will be the kind of slow burn that takes years, even decades or more before sparking a conflagration.