Zack Beauchamp, “Why Everyone Needs To Stop Freaking Out About War With China,” 07 February 2014, ThinkProgress

… It’s wrong to talk about incentives to go war in purely military terms. A key component of the Senkaku/Diaoyou is economic: the islands contain a ton of natural resources, particularly oil and gas. But far more valuable are the trade ties between the two countries. China is Japan’s largest export market, so war would hurt Japan more than China, but it’d be pretty painful for both.
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Stephen M. Walt, “National Stupidity,” Foreign Policy, 14 January 2014

From Sea to Chinese Sea

… But that same force is also leading China to engage in a number of foolish and self-defeating behaviors. In particular, its aggressive territorial claims in the South China Sea, its recent unilateral declaration of an offshore “air defense identification zone,” and its hard-line stance in the Diaoyu/Senkaku Islands dispute have discredited Beijing’s earlier assurances about a “peaceful rise” and alarmed many of its Asian neighbors. Whatever one may think of China’s claims, this behavior is dumb, because it encourages China’s neighbors to balance more vigorously and makes them eager for more U.S. protection. It would be smarter for Beijing to play the long game and refrain from such demands until China is much stronger than it is today. But given national feeling in China itself, it is not clear that China’s leaders can maintain such a wise and patient approach.
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