China Denies Impeding Asian Maritime Trade as Wen Meets Obama

November 25, 2011, 8:24 AM EST







By Daniel Ten Kate


Nov. 20 (Bloomberg) -- China proposed a maritime cooperation fund and said it has no interest in impeding trade as it counters moves by the U.S. and the Philippines to resolve territorial disputes in the South China Sea.
The 3 billion-yuan ($472 million) fund would develop a “maritime connection network” with Southeast Asian nations, Assistant Foreign Minister Liu

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