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BEIJING, June 4 (Xinhua) -- The Chinese foreign ministry on Saturday urged the United States and Japan to stop pointing fingers at China on the South China Sea.

"The South China Sea arbitration is completely a political farce staged under legal pretext. Such a nature must be exposed for everyone to see," said Wang.

The claims of the Philippines only scratch the surface, but do not cover the core dispute, which is a sovereignty issue. As the court cannot rule on something that is not presented in the claims, the result of the arbitration is unlikely to have any effect on the current situation, Gau said.

The tribunal handling the South China Sea arbitration case unilaterally initiated by the former Philippine government issued its final award on Tuesday, amid a global chorus that the panel has no jurisdiction.

Structural reform on the supply front requires industries to change focus from blind expansion to the actual demands of customers through offering innovative products, analysts say.