China and the Association of Southeast Asian Nations have agreed on a framework of a legally binding code of conduct in the South China Sea following years of negotiations, a senior Chinese diplomat said Thursday."We have worked diligently and completed the consultations" on the framework, Chinese Vice Foreign Minister Liu Zhenmin told a press conference after he co-hosted a meeting of senior officials from both sides in the country's southwestern city of Guiyang.Liu praised it is a "reflection of the positive momentum in the South China Sea and the reflection of the sincere desire by China…READ FULL ARTICLE