Munich Agreement
Not that it matters much but Neville Chamberlain didn't say 'Peace in our time' what he said was 'Peace for our time'.
Okay he didn't get as much as a full year's worth of peace, but it did buy us some time to continue rearming and getting ready for the inevitable.
As for the Chinese occupation of the South China Sea, this is a debate which, if held five or six years ago might have had some relevance.
The world has lost this battle - the island fortresses are there to stay.
Some of them are actually 'Chinese Soil' ship-loads of it were moved there.
Do we seriously imagine a conflict situation whereby 'the West' would go into combat to remove the Chinese military from these 'islands'?
If you care to look you'll find their expansionist plan set out for the coming decades.
This is just one of the steps ...