manila china agreement begin talk association southeast asian nations asean fine print code conduct framework dispute south china sea help stabilize region chinese premier li keqiang say china great hope peace stability south china sea li tell asean leaders manila chinese southeast asian foreign minister august adopt negotiate framework code conduct south china sea move hail progress see critics tactic buy china time consolidate maritime power south china sea dominant issue summit time relative calm underlie acknowledgement amongst asean members risk miscalculation dispute waterway could flare anytime li address asean leaders summit philippines capital manila monday say consensus move forward try peacefully resolve issue hope talk code conduct bolster mutual understand trust li say accord transcript speech release china foreign ministry tuesday add hop would stabilizer region pledge china would firmly safeguard freedom navigation overflight strategic waterway trillion worth goods pass every year critics however say agreement talk detail code conduct incremental move possible final agreement still years away li give timeframe philippines president rodrigo duterte chair regional summit say china press set specific date beijing respond would consider really fast-tracking code conduct china graciously agree code conduct bind agreement duterte say framework seek advance 2002 declaration conduct doc party south china sea mostly ignore claimant state particularly china build seven manmade islands dispute water three equip runways surface-to-air missiles radars party say framework outline code establish critics say failure outline initial objective need make code legally bind enforceable dispute resolution mechanism raise doubt effective pact sign china legally bind enforceable code waterway long goal claimant members asean spar years see china disregard sovereign right block fishermen energy exploration efforts malaysia taiwan brunei vietnam philippines claim south china sea myriad shoal reef islands china claim waterway aggressively build militarize artificial islands china official news agency xinhua say commentary pact hold consultations code conduct new start point jointly build sea peace stability prosperity south china sea code conduct talk 'stabilizer region china premier