The reasons are many, though absurd like the name, "South China Sea", hence a Chinese lake. If going by that logic then the Philippines owns the whole Philippine Sea from here up to Guam. Then there are archeological artifacts. Well its a major shipping lane so its normal to have a few shipwrecks.
^A bunch of quislings corrupted by china
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Why did Chinese investment in the Philippines stagnate? | East Asia Forum
Hay. Damned if you do. Damned if you don't.
Phuk.
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Stay hungry. Stay humble.