''Communist China says foreign companies should keep off South China Sea''

from economic times....

"Days after India and China discussed the issue of oil exploration in the South China Sea, Beijing on Monday warned that it did not want foreign companies engage in activities in the disputed waters, saying such acts undermine its sovereignty. 

Oil exploration activities by India's ONGC Videsh in the waters off Vietnam had recently irked China and the two countries had differences over the issue. TheSouth China Sea dispute figured in talks between Prime Minister Manmohan Singh and his Chinese counterpart Wen Jiabao in Bali last week on sidelines of East Asia and ASEAN summits".......... READ MORE