February 11, 2015

"Chinese President Xi Jinping on Wednesday told the head of Vietnam's ruling Communist Party he treasured the two nations' traditional friendship, but disagreements needed careful handling to ensure regional stability amid an ugly dispute.

Communist parties rule both countries and trade has swelled to $50 billion annually, but Vietnam has long been suspicious of its giant neighbor, especially over China's increasingly assertive claims to almost the entire South China Sea."

Read more:

http://www.reuters.com/article/2015/02/11/us-china-vietnam-idUSKBN0LF18Y20150211