China has signalled strong optimism for finalising negotiations with neighbouring Asian countries to seal a new institutional framework on contested South China Sea waterways. At China’s annual foreign policy press conference on Sunday, Foreign Minister Wang Yi described the negotiations as having entered a “critical phase” for talks on the South China Sea Code of Conduct (CoC) – a proposed set of rules between China and the Association of Southeast Asian Nations (Asean) at the heart of easing...
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