Montecresto
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No it is not. Look at the areas claimed.
United Nations Convention on the Law of the Sea - Wikipedia, the free encyclopedia
China wants one on one negotiations. The others do not as they know China will exert pressure on them 1 at a time.
China is a signatory to the Law of the Seas, the US is not.
As seen from any of these photos, China's claim is well beyond what is in the LOS convention.
https://www.google.ca/search?q=chin...fP2JMWdNv3GgLAF&ved=0CDYQsAQ&biw=1600&bih=767
The 1887 Chinese-Vietnamese Boundary convention signed between France and China after the Sino-French War said that China was the owner of the Spratly and Paracel islands.[32] China sent naval forces on inspection tours in 1902 and 1907 and placed flags and markers on the islands.
Spratly Islands dispute - Wikipedia, the free encyclopedia
The Chinese have as legitimate, if not more so claim to the islands as anybody else. This is not nearly as cut and dry as you wish. And there's certainly no compelling reason to press for hostilities over this.