TIL Desk/World/Hanoi/ Vietnam and China agreed today to back away from conflicts in the South China Sea, in a move aimed at easing tensions over Beijing’s claims to most of the waterway.
The communist neighbours have long-sparred over the sea — to which Brunei, Taiwan and the Philippines also have partial claims — through which $5 trillion in shipping trade passes annually.
China has built artificial islands and airstrips capable of hosting military installations in the sea, which is believed to sit atop vast oil and gas deposits.
Hanoi and Beijing agreed Monday to keep the peace in the sea, the countries said in a joint statement during a state visit to Hanoi by Chinese President Xi Jinping.
They agreed to “well manage disputes at sea, make no moves that may complicate or expand disputes, (and) maintain peace and stability on the East Sea,” the Vietnamese version of the statement said, using Hanoi’s term for the sea.
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