Another key difference is that unlike the Falklands, the only inhabitants on the Spratleys are birds and turtles.......
Great powers [western] in the past have 'bullied' smaller countries, so what makes it so different with China? I come from a country that claims and occupies 5 reefs/islands, believe me, I'm concerned [in 1979 our troops placed a marker on a reef and a few hours later it was removed by Vietnamese troops!]. Unless, any claimant does anything to alter the status quo or does something really provocative, all 5 countries are more than happy to let things remain as they are.The Chinese are not daft, they know that taking a hard-line approach will effect how other countries perceives it. The key difference is that unlike in the past, the Spratleys issue is receiving a lot of global coverage.
What I find very interesting is that the vast majority of the Chinese population, does not even know or couldn't care less about the Spratleys. Chino can attest to that as he's been living in China for several years. Things have not reached a stage where the Spratleys is in the pysche of the average Chinese they
Tibet or Xinjiang is.
Certainly, it takes times and doesn't happen overnight. Unlike the rise of European powers in the 19th century which happened over a period and the rise of post-WW2 America, China's new status has been relatively quick.
As mentioned previously before upon this thread, the crises if it comes, will be years from now and the personalities that will decide these issues, if not the countries, have yet to appear upon the public stage. So making bets on what the future actors will do or not do is at that time a wasted effort. The posturing we see today originating from all the different sides, though not unimportant, will in the long run not have a determining effect upon the eventual outcomes.
The problem is three fold; one, is that a politician can make nationalistic points and thus raise their status within their populations at this time, without having to pay any price for it. The price will be paid in the future by others some of which are as yet not born. Two, this is the best time to peacefully solve these issues before all the sides become so entrenched as to make peaceful cooperation impossible. Three, until these issues are settled, whatever natural resources there are cannot be safely exploited by any one safely and as a result, all are poorer for it.
As far as the money to develop these resources is concerned there is enough international capital and technology available both upon the open market and through partnerships deals that this is not a problem for any of the players who have any claim once clear title to the resources has been established.
As to the commonly held opinion as stated in your commit.
“Great powers [western] in the past have 'bullied' smaller countries, so what makes it so different with China?”
The answer is not that China is in any way different or unique but that we live in a different century with different priorities, problems, and restraints. I know this is a hard idea to get across after the thousands of years of human history which repeated the same sad stories of conquest and repression of one people over that of another repeatedly and many do not believe that it is any different now. But the ideas and the behaviors of both individuals and nations from the 19th century and from all the ages before no longer work for the following reasons.
The entire world is coming to a crisis that it has never seen before. A crisis that we as a species, will ether grow to meet or we will fail. If we fail our species will be doomed to poverty, decline, and eventual extinction. Why do I make this seemly preposterous claim and why is it that this time is so different than all of the earlier times we seen before. See my answer to Annada and INCO on the thread “Is some form of world war still possible in this day and age?” which are exploring some of the same issues and using this topic as one of its examples.