China seeks investment for disputed islands, to launch flights

CNBC - Reuters | .

China will invite private investment to build infrastructure on islands it controls in the disputed South China Sea and will start regular flights to one of them this year, state media said on Friday, moves likely to anger other claimants.

A U.S. research institute, meanwhile, said China appeared to have stepped up construction work on artificial islands it has built in the South China Sea and was close to finishing two more military-length airstrips on them.

China claims almost all of the South China Sea, through which more than $5 trillion of maritime trade passes each year. The Philippines, Brunei, Vietnam, Malaysia and Taiwan have overlapping claims.

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