China, Malaysia to set up South China Sea dialogue mechanism
China and Malaysia have agreed to set up a joint dialogue mechanism for the disp...
Recent Chinese naval deployments in the strategic waterway, through which more than $3.4 trillion worth of goods are transported annually, have reignited tension with Vietnam and the Philippines. Malaysia, Brunei and Taiwan also have competing claims in the South China Sea.
Chinese State Councillor Wang Yi told a news conference with Malaysian Foreign Minister Saifuddin Abdullah that this year, tensions in the South China Sea had dropped.
Abdullah, who referred to Wang as “my brother”, said the mechanism would be led by the two countries’ foreign ministries.
In July, China and Malaysia resumed construction on a train project in northern Malaysia, which is part of China’s Belt and Road plan, after a year-long suspension and following a rare agreement to cut its cost by nearly a third, to about $11 billion.Read more: Reuters Top News
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