Dateline 2013-06-03, Business Week:
Malaysian Prime Minister Najib Razak called for claimants in the South China Sea to jointly develop resources to avoid conflict and prevent “extra-regional states” from becoming involved.
Najib cited a joint development zone in waters claimed by Thailand and Malaysia as a precedent that could be applied in the South China Sea. Vietnam and the Philippines reject China’s map as a basis for joint development in the waters, part of which are also claimed by Malaysia, Brunei and Taiwan.
“Agreeing to share prosperity, rather than let it divide us, is infinitely preferable to the alternative,” Najib said in a speech yesterday in Kuala Lumpur.