Japan & China Co-Exploit the East China Sea Gas Field in 2008?

• 46%
  accuracy

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Japan's economy, measured at $4.3 trillion in 2007, is now just $1 trillion larger than China's $3.25 trillion. Standard & Poor's Rating Services last month predicted that China could overtake Japan in five years. The two countries are in competition for raw materials, particularly oil.

China recently discovered that there exists an undersea natural gas field in the East China Sea, part of the field lies within the Chinese EEZ (exclusive economic zones) while the remaining lies on the disputed EEZ between Japan and China.

Under the United Nation's Law of the Sea, China claims the disputed ocean territory as its own EEZ due to its being part of China's natural extension of its continental shelf, while Japan claims the disputed ocean territory as its own EEZ because it is within 200 nautical miles (370 km) from Japan's coast.

The dispute continues or may escalate if one of the entity solely develop the gas field.

Community Prediction in Chance

Community Accuracy:  46%

Top Predictor:   Arthur (80% Accuracy)

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Rank Accuracy A >= 90% B >= 80% C >= 70% D >= 60% E >= 40% F < 40%

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	ZiiValue (chance)	Answer	MyValue (0% to 100% chance)	Possible Outcomes
	4%			China claims 100% ownership
	16%			Japan claims 100% ownership
	20%			Co-exploit
	60%			Still in discussion till 2009

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