A veteran South China Sea expert has cast doubt on the prospects of finalising a code of conduct for the contested waters this year, even as ties between rival claimants Beijing and Manila show signs of improvement. Wu Shicun, founding president of the National Institute for South China Sea Studies, said it was “100 per cent not likely” that the document would be signed this year as the Philippines takes over the rotating chair of the Association of Southeast Asian Nations (Asean). “I believe it...