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The Philippines is content with a modest acknowledgment of its victory in an international court against China. This is probably a wise move.
China pulled out the rhetorical big guns after The Hague's decision it did not have rights to the South China Sea.
Following The Hague's ruling, heightened tensions could endanger Beijing's ties with Southeast Asia and hurt President Xi's international credibility.
It is questionable whether China gave up its historical claims by ratifying the UN Conventions on the Law of the Sea, says APIIL's Daniel Fung.
Whether China adheres to The Hague's ruling will be a defining moment in its relationship with the great powers, says The Pain Report's Jonathan Pain.
With global fixed income yields low, Asia and emerging market bonds and credit offer attractive returns, a portfolio manager at Fidelity told CNBC.
China doesn't seem to be willing to compromise with the Philippine over rights in the South China Sea, the World Policy Institute's James Nolt says.
China believes that it has the right to conduct activities on the reefs, but it has not said it would continue, says Fudan University's Shen Dingli.
Even if China were to withdraw from the treaty, The Hague's decision can't be repealed and is legally binding, says NYU Law's Isaac Kardon.
Former Defense Secretary Chuck Hagel says the U.S. does not want to see a rise in tensions but "freedom of navigation" must be respected.
The U.S. has considerable military assets in the Asia region, including in the Philippines, Australia and Japan, says former Defense Secretary Chuck Hagel.
A bilateral deal would be a concern, because basic laws such as freedom of navigation should be respected, says former Defense Secretary Chuck Hagel.
Former U.S. Secretary of Defense Chuck Hagel says as a Law of the Sea Treaty signatory, China will have to relinquish its rights to any contested territory.
The U.S. refusal to accept the Hague's ruling on Nicaragua hurt its reputation, but ultimately a settlement was reached, Foley Hoag's Paul Reichler says.
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Foley Hoag's Partner Paul Reichler says The Hague determined that reefs below artificial changes are still considered reefs under international law.
The Philippine's lead lawyer in its arbitration case against China Paul Reichler says the Hague's decision establishes the rules in the South China Sea.
A tribunal at The Hague dealt a major blow to China's maritime claims and declared some of its tactics illegal.
The court determined there is no legal basis for China to claim ownership over roughly 90-percent of the South China Sea.
An international tribunal has found there is no legal basis for China's "nine-dash line" claiming rights to much of the South China Sea, reports CNBC's Eunice Yoon.