Speculation about China acquiring a military base in Cambodia has been around for a while. Over the last few days, we have seen more definitive claims in The Wall Street Journal and other media outlets, based on the assessment of satellite imagery on China’s construction of naval and air facilities on the Cambodian coast in the Gulf of Thailand.

Chinese and Cambodian officials have denied these reports. They insist Chinese activity under scrutiny is entirely commercial. Is this all smoke without any fire?

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