Navigating Tumultuous Waters: ASEAN and China's Balancing Act

Chinese Premier Li Qiang urges for stronger market ties with Southeast Asia amidst South China Sea territorial tensions. ASEAN's trade with China has significantly increased, making China a key trading partner. Slow progress continues on a code of conduct negotiation for the disputed waters.

During an annual summit, Chinese Premier Li Qiang emphasized bolstering market integration with Southeast Asia, despite looming territorial contentions in the South China Sea.

The 10-member ASEAN bloc's meeting with Li follows recent maritime clashes involving China, raising regional tensions. Despite these, China's trade partnerships with ASEAN have flourished.

Progress remains slow on a conduct code for disputed waters, yet negotiations to enhance the free trade agreement continue, underlining mutual economic incentives amid geopolitical friction.

(With inputs from agencies.)