China, Viet Nam eye border of peace
By Qin Jize (China Daily)
Updated: 2005-07-19 06:02

In March this year, the petroleum companies of China, Viet Nam and the Philippines signed the Tripartite Agreement for Joint Marine Seismic Undertaking in the Agreement Area in the South China Sea, a move seen as an important step towards resolving the disputed issue.

At the Second Greater Mekong Subregion Summit in Southwest China's Yunnan Province in early July, Premier Wen Jiabao and his Vietnamese counterpart agreed that China, Viet Nam and the Philippines should jointly explore disputed areas of the South China Sea that are potentially rich in energy resources.