The crucial part of the short piece of legislation states that the resources mined from an asteroid would be the property of the entity undertaking the operation. This language gets around the provision of the Outer Space Treaty that says states are forbidden to establish national sovereignty over celestial bodies, which would be a prerequisite to the United States allowing a private entity to own an asteroid. It rather grants mineral rights to the asteroid, something the treaty does not mention. There is no enforcement mechanism in the event of a dispute with another country, however."
Artificial islands could help China anchor its claim to waters that host some of the world's busiest shipping lanes. The South China Sea may hold as much as 11 billion barrels of oil and 190 trillion cubic feet of natural gas, according to a 2013 report by the U.S. Energy Information Administration. China has considered the Spratlys—which it calls Nansha—part of its territory since the 1940s and on occasion has used its military might to enforce its claim. In 1988 a Chinese naval attack at Johnson South Reef, in the northern portion of the archipelago, killed 64 Vietnamese border guards.