posted on Oct, 9 2013 @ 01:50 AM
Southeast Asian leaders opened an annual summit with Asia-Pacific counterparts on Wednesday, a gathering where China was expected to take advantage of
the absence of the U.S. president to showcase its rising global clout and promote trade yet still talk tough on regional territorial disputes.
China plans to establish an Asian investment bank to help finance infrastructure projects in the region, Li said in an interview published by the
Borneo Bulletin, a newspaper in Brunei.
The bloc has been struggling to manage the disputes, which many fear could ignite Asia's next major armed conflict. China and Taiwan claim the
resource-rich waters and its chains of islands, islets and reefs virtually in its entirety while ASEAN members Brunei, Malaysia, the Philippines and
Vietnam lay claim to some parts.
American officials say the peaceful resolution of the conflict and freedom of navigation in the contested waters were in the U.S. national interest,
but China has warned them to stay out of what should purely be an Asian dispute.
When asked by Southeast Asian journalists, who sent in their questions in writing, about fears that China might seek hegemony in the region with its
growing military might, Li portrayed his country as a gentle giant which has had no track record of expansionism in Asia unlike Western powers.
edit on 9-10-2013 by research3300 because: Forgot
the link :-)