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1、ChineseEnergyandAsianSecuritybyFelixK.ChangnearlyMarch1997,aChineseoilrig,theKantanIII,enteredthewatersIbetweenHainanIslandandtheVietnamesecoasttoexploreforoilandnaturalgasinwhatBeijingconsideredapartofitsLedongexplorationarea.Vietnam,claimingthesameareaaspartofitsBl
2、ock113,protestedvigorously.Aftersomeinconclusivetalksbetweenthetwocountries,theoilrigwithdrew.Aboutayearlater,VietnamagaincomplainedwhenaChineseexplorationshipandtwoarmed?shingboatssailedneartheSpratlyIslands.1Thesevesselsalsowithdrewwithoutincident.Somehaveassertedt
3、hateventssuchastheseahaveshownaconsis-tentmotivation:agrowingdesperationbyBeijingtocontrolthepotentiallylucrative[energy]resourcesoftheregionoDsuggestingthatChinamightforciblyappropriateenergyresourcesinthefuture.Tobesure,previousdisputesintheParacelandSpratlyIslands
4、in1974and1988producedbriefarmedclashes.Butiftheseizureofenergyresourceswereahighpriority,thenitissomewhatsurprisingthatChinafailedtotakegreateractionduringtheAsian?nancialcrisisinlate1997and1998,consideringitsrelativemilitarystrengthandSoutheastAsia'seconomicandpolit
5、icaldisarrayatthetime.Instead,BeijinghelpedtostabilizeSoutheastAsianeconomiesbyrefusingtoallowadevaluationofitscurrency.Twoyearslater,itproposedcloser1aOil-ProspectiveSpratlysStillaFlashpoint,oOilandGasJournal,Oct.25,1999,pp.35±37;a`Intrusion'ShipsHaveLeftSpratlyIsle
6、s,SaysVietnam,oReuters,May23,1998;MureDickie,aChinaSaysAcceleratingBorderTalkswithVietnam,oReuters,July15,1997;ScottHillis,aChina'sJiangMeetsVietnam'sDoMuoiinBeijing,oReuters,July14,1997;JaneMacartney,aChina,VietnamWrapUpTalks,NoResultsAnnounced,oReuters,Apr.11,1997;
7、MichaelVatikiotisetal.,aDrawntotheFray,oFarEasternEconomicReview,Apr.3,1997,pp.14±16;andaARigTooNear,oEconomist,Mar.29,1997.FelixK.ChangisanassociatescholarattheForeignPolicyResearchInstitute.HehasservedasaplanningadvisorintheNewExplorationandProducingVenturesdivisio
8、nofMobilOilCorporation.HereceivedanMBAfromtheFuquaSchoolofBusinessatDukeUniversity.?2001ForeignPolicyResearchInstitute.PublishedbyE
